Cost of Independent Living in Concord, NH
For older adults who want to retire in an active community of like-minded people, the independent living price tends to be a driving consideration about whether to transition. Weighing the financial aspects is something that older adults and their families should consider.
The biggest factor that influences the price of independent living is the floorplan you choose. At Heritage Havenwood Heights, residents can pay anywhere from $1,480 to $4,505 depending on whether they choose a studio apartment or a single-family home with a garage and basement. We offer a range of living options that match a variety of budgets and price points.
At Havenwood Heritage Heights, independent living within reach, especially when you compare the costs of our community to the cost of independent living in New Hampshire, which averages more than $3,500. Our independent living prices align more with the national independent living average, which ranges from $1,700 to $6,000. One reason New Hampshire independent living costs are so high is because of location. New Hampshire is a beautiful place to retire, full of history, culture, and arts. Residents at Havenwood Heritage Heights benefit from all New Hampshire has to offer at a far more affordable cost.
It’s also important to point out that the cost of independent living includes so much more than just housing. Independent living pricing also includes amenities and services that make a significant quality of life difference. Convenient on-site perks such as fitness centers, a swimming pool, walking trails, woodworking workshops, arts and crafts, as well as health and wellness programs, among others, are lifestyle benefits that are included in the cost of living. There are all things you would pay a premium for otherwise. When adding in these and other conveniences, the cost of independent living at Havenwood Heritage Heights has tremendous value.
To put the cost of an independent living community in perspective, it makes sense to compare the cost compared to homeownership. The national average for a monthly mortgage alone stands above $2,000, with New Hampshire at just over $1,900. This does not take into account the additional costs of property taxes, utilities, homeowners insurance, and the cost of ongoing maintenance and repairs. When you add up all of the costs associated with a house, independent living proves far more cost-efficient in terms of base expenses.
Some of the common ways people pay for independent living include reverse mortgages, renting out their property, selling their home, or drawing from retirement savings. In terms of getting good value, independent living can lower monthly expenses in many cases, all while improving quality of life.