Owning a share in The Residences at Sherburne Commons can be a smart financial decision as part of an overall financial strategy. Unlike endowment communities where the upfront capital investment relies on a promise to be repaid upon leaving, residents of The Residences at Sherburne Commons have an ownership interest that can be sold at current market prices.
One monthly condo fee simplifies your expenses. Enjoy the predictability of one monthly amount that covers; heat and air conditioning; plumbing and electrical repairs; landscaping and maintenance; 24-hour security; 24-hour emergency assistance; and management fees. The service fee also includes many activities, fitness and wellness programs, and scheduled transportation. Fees vary depending on the style and size of the residence selected and the number of residents in that dwelling.
Increased Available Capital
Your money should always be working for you and retirement is no exception. Moving to The Residences at Sherburne Commons can free up capital for investment – both financially and in pursuing your interests.
As an owner, residents may deduct real estate taxes and other qualified expenses from their income. Certain assisted living expenses may be deductible. Consult your financial advisor to determine the best strategy for your personal situation.