CCRCs as an investment

Creamery Brook Retirement Village is classified as a CCRC - a Continuing Care Retirement Community. CCRCs offer an innovative and independent lifestyle that differs from other housing and care options. CCRCs are especially attractive to seniors making decisions for their long-term future. They allow seniors to convert home equity or other assets into housing and to receive daily living services and health care in a way that keeps monthly expenditures more stable.

Many people view the relatively stable monthly service fees as a type of insurance against a huge rise in the cost of living and home expenses. Over the past 10 years the average yearly increase in the service fee at Creamery Brook has been a low 3.2%. Compare that to the rapid rise in home heating costs over the past 10 years and you see one of the reasons why CCRCs have become so attractive. They are an excellent way to help mitigate the high cost of living at home and can ease concerns of constantly escalating costs of fuel, electric, taxes, food, and home maintenance.

Larry Minnix, the CEO of AAHSA (American Association of Homes and Services for the Aging), the national organization of not-for-profit Retirement Communities, recently appeared on Fox Business News. During the interview he called CCRCs a “very good investment” and pointed out that the financial success rate of CCRCs over the last 25 years is well above 95 percent.

Creamery Brook wants to ensure all of our future residents that we, too, are an excellent investment and offer the advice of Doug Buttrick, President and CEO of the Senior Living Corporation. He speaks at all of our open houses, presenting an interesting and informative slide show, and is available for individual questions. Call 860-779-8700 to reserve your space at our next open house.

36 Vina Lane, Brooklyn, Connecticut 06234
Tel: 860-779-8700 | Fax: 860-779-8701
Sponsored by PierceCare