Nationwide, the average cost of entering a CCRC (Continuing Care Retirement Community) is about $260,000. They can range however from under $100,000 to well over a million depending on amenities, location, healthcare services and other variables. Lately however, negotiating entry prices as well as other perks is becoming more common. Part of it has to do with the fallout from the recession and what its done to housing prices. Most residents of CCRCs need to sell their homes to cover entry fees. That, in turn, has caused more vacancies than expected and CCRC business models are premised on a high census. That’s where the bargaining comes in. Read this article from the Wall Street Journal to learn more.
