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What’s your game plan?

Charlestown lets you plan your financial future with confidence

Created date

March 8th, 2017
People who live at Charlestown are able to balance their budgets with confidence while at the same time enjoying access to numerous activities and amenities in a wide range of venues on campus.

People who live at Charlestown are able to balance their budgets with confidence while at the same time enjoying access to numerous activities and amenities in a wide range of venues on campus.

What if you knew, with absolute certainty, how much you would spend on monthly expenses, regardless of unforeseen circumstances? What if you knew exactly how much you would get for your home when the time came to sell?

Thanks to a solid financial structure that includes a predictable monthly service package, a refundable entrance deposit, and a myriad of amenities and services, people who live at Charlestown, an Erickson Living community in Catonsville, Md., can balance their budgets with confidence, knowing with certainty that no matter what the future holds, their investment is safe and their future is secure.

“I knew that the monthly service package at Charlestown would be less than what it was costing me to maintain my house, but I didn’t realize how good it actually was until I moved here,” says Francine Ashby, who moved to Charlestown four years ago. “I no longer have to pay for an exterminator, home alarm system, someone to take care of my swimming pool, or to shovel snow. I have more money to spend on myself now than I ever have. Thanks to the meal plan that’s included, I can eat out every day and save money on groceries.” 

Bottom line

On average, experts say homeowners spend between 1% to 4% of their home’s value annually on maintenance and repairs, which tend to increase as the house ages. Charlestown’s monthly service package includes all maintenance and repairs, helping community members like Francine plan for their expenses with confidence. 

Each month, people who live at Charlestown pay a single bill that covers virtually all regular living expenses, including property taxes, utilities, cable television, telephone, trash collection, and maintenance such as furnace heat pump inspections and air-conditioning tuneups. Flexible dining plans, cable television, and 24-hour security are also included, and because the monthly service package covers all major household repairs, residents never worry that an expensive repair will throw off their monthly budget. 

The package also includes services like professional landscaping and snow removal, which typically would be additional expenses when living in a house.  

“I don’t have to worry about anything living here,” says Francine. “Even if a lightbulb goes out, I just call the general services department, and they come and change it for me.” 

Not only do Charlestown residents plan their budgets with confidence each month, but they also have access to a wide variety of amenities you likely won’t find in your home. An all-season swimming pool; fitness center; putting green; bocce courts; more than 300 different clubs, classes, and volunteer possibilities; as well as access to conveniences such as a bank, hair salons, convenience store, medical center, and computer lab are all on site. 

“It’s such a lively community with so much to do,” says Francine. “We have entertainment on the campus like movies and concerts. I have met lots of wonderful people who enjoy the same things I do. I volunteer with a group here who works with the Sandtown community in Baltimore City. We work with the local churches to hold voter registrations. I belong to the chess club here at Charlestown, and we are going to one of the schools in Sandtown to teach kids how to play chess. I finally have time to pursue the things I’m interested in because I don’t have all of the responsibilities of taking care of a house.”

Safe bet

Charlestown’s other smart financial component is the refundable entrance deposit. The one-time fee secures an apartment home for as long as you live at the community and can be accessed to cover qualified continuing care health services expenses if your health needs change. 

“One of the great things about Charlestown is the refundable entrance deposit allows you to secure your nest egg and promote a financial legacy for your family,” says Don Grove, sales director at Charlestown. “And you have peace of mind with Charlestown’s home for life pledge. We are a not-for-profit community dedicated to supporting residents who experience an unforeseen change in financial situation. Should your finances change for reasons beyond your control, our home for life commitment provides several options so you can protect your future. All the details are in our Residence and Care Agreement.” 

As for Francine, she’s glad she moved to Charlestown when she did.  

“I was sick of the responsibility of taking care of a whole house when I was only using three rooms,” says Francine. I really enjoy living here. It’s so stress-free.”