The Ventana team takes the guesswork out of choosing a senior living community by being transparent about our community, what it offers, and of course, pricing. This helps ensure that prospective Members understand every aspect of the decision they’re making.
If you have any questions about financing at Ventana, reach out to our team today at 214.225.6197 to learn more.
UNDERSTANDING SENIOR LIVING
As a Life Care community, Ventana requires an upfront entrance fee and a monthly service fee in exchange for providing a wide array of services and amenities. These fees enable us to provide ongoing care at predictable rates. Both the entrance fee — which is up to 90% refundable to your estate, depending on the contract you choose — and monthly service fee correspond to the size of the luxury apartment you select and the number of occupants.
Our entrance fees start at $354,217 while our monthly service fees start at $4,650. Most future Ventana Members will choose to fund their entrance fee with the proceeds of the sale of their home. And, when you consider all current expenses, you will find the monthly service fee is, in most cases, comparable to your present cost of living.
What’s included with your monthly service fee at Ventana?
- Rent, taxes and homeowners insurance
- Grounds and maintenance upkeep, including appliance repair
- Social, cultural, wellness and educational programming
About Our Entrance Fees
In order to provide both the level of residential and medical excellence Members deserve, as well as a financial model that is affordable and sustainable, a refundable entrance fee has been determined to be the best option for all concerned.
Our entrance fee is a one-time payment based on the size of the apartment selected. Fees start at $354,217 for a 0% refundable, or what is often called a “traditional,” contract type. The amount of the entrance fee depends on the contract type and whether it is refundable or not. We offer three contract types, so there are options that suit your financial situation. Depending on the contract type you choose, your entrance fee as a Ventana Member is up to 90% refundable to you or your estate when you no longer live here. Contact us at 214.225.6197 to let us help you determine the best fit for you. Payment of this sum, along with a monthly service fee, entitles you to a home at Ventana for life — and the security of knowing what your future health care costs will be if and when you need them.
Why Is There An Entrance Fee?
The entrance fee allows Ventana to offer you monthly service fees that are closer to what most retirees would pay on a monthly basis to maintain their current homes and lifestyles. The entrance fee also allows you the opportunity to convey the entrance fee to your estate as desired in the future.
HOW MUCH WILL IT COST TO LIVE AT VENTANA?
Because Life Care community entrance fees are often refundable, and because monthly service fees cover services, amenities and programming, as well as mitigate the cost of future care, it can be difficult, though not impossible, to make a direct cost comparison between Life Care and other living options.
Ventana is here to help you understand the finances around our Life Care community and can work with you to determine what is the best fit for you. Please call us at 214.225.6197 to learn more.
To calculate the difference at Ventana, you may also follow these steps:
- Note the entrance fee amount associated with the apartment of your choice.
- Subtract the percentage of the entrance fee that will be refunded to you or your estate when your contract concludes (a 90% refundable plan).
- Request an accounting of the monthly fee associated with the apartment you have selected and all that it covers.
- Obtain the average monthly cost of assisted living, memory care and skilled nursing in the Dallas area by researching communities that offer those services.
The Tax Benefits of Life at Ventana
Ventana Members may be eligible for a tax deduction associated with payment of the entrance fee and ongoing monthly service fees. In addition, there are no property taxes associated with residency at Ventana. Under current IRS guidelines, reservation deposits are risk-free and fully refundable should your plans change. Please consult your tax advisor for additional information.
OUR FINANCING SETUP ALLOWS FOR FUTURE CHANGES
Our payment model makes it possible for Members to enjoy the benefits of life at a continuing care retirement community, where the assurance of multiple levels of care in the future are offered at predictable costs. Life Care covers the cost of independent living, but also ensures that should you ever need higher levels of care — such as assisted living, rehabilitation and skilled nursing — you will have it at predictable rates. And those rates will be below typical health care rates for the Dallas area.
DOWNLOAD OUR VALUE GUIDE OR USE OUR AFFORDABILITY CALCULATOR
Choosing your next home is a major decision, and we’re here to help you on your journey. Download our Value Guide or use our affordability calculator to see for yourself if your monthly expenses are financially compatible with those at Ventana.
Ready to take the next step? Contact us today by calling 214.225.6197 to discuss what moving to Ventana might look like for you and your personal finances.
Beyond the material value of property and possessions, we most value the people we love, the places and experiences we cherish, and the good health that enables us to enjoy them. Our Value Guide helps connect the things we love to the things we need to survive.
Don’t just be confident about your finances—be sure. Use our online affordability calculator to bring peace of mind to the financial planning process. We take into account your housing costs, upkeep costs, and the cost of your lifestyle. We then compare them to the area averages so you can determine if life at Ventana is the right move for you.
Which living option is the best financial fit for you?
Answer a few simple questions to find the most suitable option for you.