What do the luxurious retirement communities actually feel like to live in? Are they as good as they claim in the property investment advice centers? Does living in these places truly look like you are well looked after? Do you feel spoiled? When you hear about how they have 24-hour concierges, prize winning chefs, New Age health advisors, six tennis courts and four swimming pools, you do wonder how far you can have faith in these claims. Especially when all of these smashing extras appear to not cost as much as they should. Are these luxurious retirement communities really all that they claim to be?

These places actually seem to go all out. Toll Bros, one of the most outstanding housing construction companies of the country has been opening 4 luxury retirement communities around the country every year. One community in Florida, the Sarasota Bay Club has a community theater where they show live broadcasts of all concerts at the Philadelphia Orchestra. In one such community in Arizona, all of the houses in the community are built around a huge well-designed golfing course and a facility for continuing care.

So how come they offer all these at reasonable prices? Do they not need to raise costs for better income? The advantages to their bottom line of raising prices is not wasted on these builders. It is just that in the price-sensitive market we are in at this point, they do not accept that they could raise prices and get away with it. In three dozen markets across the country, there have been no price increases in controlled living facilities.

Somehow, over the years, the quality of live that retirees have come to expect, has risen. Retirees look for organic menus, gyms, entertainment options, luxury surroundings and they expect all these as standard offerings. To explain, they don't expect to pay premium costs for these premium conveniences. The cost of entry in these places is only a part of the final bill. Residents are anticipated to pay each month dues, maintenance and security bills in addition. The communities regularly also have residents sign detailed contracts to do with health-care costs. Still, places such as these may be worthwhile just for the top-rated chefs and massage therapists available anytime of the day or night.

Let’s get down to some real figures for what these services will cost. In Monroe in New Jersey, they have taken luxury to another level. There is a 9 hole and celebrity-designed golfing course, clubs for photography and car enthusiasts, sporting activities, an enormous clubhouse and fitness center. Two-bedroom homes here start at about $400,000 each. Monthly charges run to about $350.

Michael Cooke has been writing about part exchange property and property investment advice for some years. Read more at Which Property Mentor.

categories: part exchange property,property investment advice