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The Continuing Life® Guide to Better Retirement
An E-Newsletter from University Village
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July 2010

In this issue...

The REAL Cost of Homeownership

Many retirees believe owning their house outright controls their expenses, and provides a sense of security since they are no longer servicing a mortgage. But consider the costs of utilities such as electricity, phone, water and trash removal, along with bills for homeowners' insurance and property taxes. When you add the regular maintenance expenses associated with housekeeping, landscaping and security, plus the costs for repairs and renovations, and other unplanned expenses — potentially thousands of dollars each year — you can see how it really starts to add up.

And just as valuable as your money, maintaining a home requires a significant commitment of your time as well. The task of hiring and managing service providers and maintenance crews can transform your residence from an asset into a burden — one that keeps you from spending your time on things you truly enjoy.

When you consider all these factors, you can begin to appreciate the value of community residency packages that offer one predictable monthly fee that covers all these expenses, giving you complete freedom from home maintenance concerns and more time to enjoy what matters most: family, friends and fun in retirement. Call us today or CLICK HERE to receive a free copy of our cost comparison worksheet.

University Village Thousand Oaks information on homeownership costs