Choosing the Ideal Retirement home near Silver Spring
Consider all the choices you’ve made in your life. As you approach your retirement years, the choices you make now are just as significant. When you look into all your options for senior living near Silver Spring, it can be difficult to sort through your options.
Depending on guidance from your loved ones can be challenging, especially when their own schedules are so busy. You don’t want to put any extra burden on them. That’s why it’s important to learn more about senior living communities, examining both the benefits and negatives so that you can reach a choice that will lead you toward your own version of happily ever after.
What is the ideal location to live for seniors near Silver Spring?
Let’s take a look at two main types of senior living communities: independent living and continuing care retirement communities, also known as CCRCs. As you explore both choices, you’ll want to be clear about the distinctions between the two.
Independent living communities—like Wilshire Estates near Silver Spring—are tailored to adults who typically don’t need support with the activities of daily living. If they do need additional help, they’ll need to arrange it separately. Residents enjoy all the perks, services, and care support offered in their monthly rental fees.
CCRCs, or continuing care retirement communities, are meant for independent seniors who expect to require a significant level of clinical support or daily living assistance in the future. They offer a range of living arrangements, from independent living to skilled nursing. Residents commit to a contract and pay an upfront payment, along with recurring monthly costs.
The most suitable option for you will be based on your individual needs.
Would senior independent living at Wilshire Estates be a smart option for me?
Senior independent living at Wilshire Estates was created for people who:
- Are 55 or older.
- Stay relatively healthy and active.
- Aren’t dependent on help with daily routines like dressing, showering, food preparation or tracking medications.
- Enjoy being social and pursue their hobbies and interests.
- Want to live in a place of their own with freedom from home maintenance and upkeep.
Why does independent living benefit you?
At Wilshire Estates, you get all the benefits of independent senior living without the contract obligations and costs of a CCRC’s contracts and costs.
How would you define a CCRC
CCRC is short for continuing care retirement community, sometimes referred to as a “life plan” community. In this type of senior living arrangement, you’ll find:
- Independent living apartments or homes
- Assisted living units
- Memory care units for those with dementia or Alzheimer’s
- Skilled nursing suites for individuals needing 24/7 care
While you may not ever need advanced care, you’ll still be paying for it. That’s a major factor when planning your long-term financial goals.
At Wilshire Estates, you get all the perks of independent senior living without the complex agreements and expenses of a CCRC’s contracts and costs.
What should I understand about CCRC contracts?
Moving into a CCRC requires entering into a detailed, legally binding contract and providing a significant entrance fee along with monthly fees. If your financial situation shifts or you decide to relocate, your entrance fee may not be refundable—depending on the clauses of your agreement. If the property is sold, your contract terms might also shift. It’s wise to consult with a lawyer and a money manager before signing.
In contrast, moving into independent living at Wilshire Estates near Silver Spring only requires a straightforward rental agreement. No entrance fees, no multi-year agreements, and complete financial flexibility.
Are all CCRCs require contracts?
Yes. And they typically come in one of three contract types:
- Type A – Extensive Life-Care Contracts: You pay in advance for future healthcare.
- Type B – Modified Contracts: some services is included, with additional costs later.
- Type C – Fee-for-Service Contracts: Least expensive upfront, but costs rise as you need more care.
How much are the true price of a CCRC?
According to the National Investment Center for Seniors Housing & Care, the average entrance fee for a CCRC is $402,000, but it can vary between $40,000 to over $2 million.
Monthly fees can start at $500 to over $3,000, and they generally increase gradually. You may need to use your home equity, long-term care insurance, and personal savings just to cover these costs.
At Wilshire Estates, there are no entrance fees. You simply pay a monthly lease and preserve your retirement savings.
What’s the difference between independent living at Wilshire Estates compare to a CCRC?
Feature | Wilshire Estates | CCRC |
| Level of Care | Independent only | Full spectrum |
| Costs | Lower, monthly only | High upfront + monthly |
| Commitment | Flexible rental | Long-term contracts |
| Location | Silver Spring | Mostly urban areas |
Should I choose Wilshire Estates or a CCRC?
Consider Wilshire Estates near Silver Spring if you:
- Want to feel at home in a place where you're loved and connected
- Prefer to avoid home maintenance
- Want to enjoy a active, social retirement lifestyle
- Live independently and in good health
- Prefer not to be charged for care you may never use
- Value freedom of choice over binding contracts
Ready to move into senior living near Silver Spring?
Say goodbye to outdated ideas of retirement homes. Senior living communities like Wilshire Estates are dynamic, active places that support the changing lifestyles and lifestyles of today’s seniors.
Why consider moving to Wilshire Estates?
Socialization: Keep yourself mentally and physically engaged with games, educational programs, excursions, and social gatherings.
Security: Call-for-help technology, secure apartments, and thoughtful design for fall prevention offer reassurance.
Amenities: Take advantage of everything from delicious meals and fitness centers to libraries, salons, and group activities.
Care When You Need It: While Wilshire Estates focuses on independent living, we can help coordinate care services if your needs ever evolve.
Join Us for a Tour of Wilshire Estates near Silver Spring
At Wilshire Estates, we keep things easy—truly enjoyable, full of joy, and clearly the right fit for independent senior living near Silver Spring. We’re pleased to answer your questions, show you around, and treat you to a delicious chef-prepared meal. Find out why so many active seniors love living here. We look forward to welcoming you.