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What’s your game plan?

Oak Crest lets you plan your financial future with confidence

Created date

March 8th, 2017
Oak Crest’s solid financial structure includes a predictable monthly service package, a refundable entrance deposit, along with a wide array of amenities and services, so community members can balance their budgets and enjoy their lives.

Oak Crest’s solid financial structure includes a predictable monthly service package, a refundable entrance deposit, along with a wide array of amenities and services, so community members can balance their budgets and enjoy their lives.

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 Oak Crest, an Erickson Living community in Parkville, 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.

“One thing that’s nice is there are no surprises. Month to month, I know exactly what the budget will be,” says Sharon Roche, who moved to Oak Crest from Bel Air in May 2016. 

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. Oak Crest’s monthly service package includes all maintenance and repairs, helping community members like Sharon plan for their expenses with confidence. 

Each month, people who live at Oak Crest 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 tune-ups. 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.  

“Here I don’t have to worry about the things I did in my house,” says Sharon. “If I have a problem I call maintenance, and they come up and take care of it. I have the ability to do all the things I did before, but I don’t have to worry about anything in my apartment like I did in the house. It’s easy living.”

Not only can Oak Crest 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; nearly 200 different clubs, classes, and volunteer possibilities; and access to conveniences such as a bank, hair salons, convenience store, medical center, and computer lab are all on site. 

“We like the fact that everything is included here,” says Carol Darmstadt, who moved with her husband David. “I like that I don’t have to cook every day. We can eat in the dining rooms, or if we feel like eating in we can get carry out and bring it back to our apartment.” 

Originally from the west coast, Carol and David moved to Timonium from Seattle, Wash., 13 years ago to be closer to their kids.  

“We took a look at retirement communities in Los Angeles and Ventura, Calif., and in the Seattle area. There was no instance where we could find anything that compared to Oak Crest in terms of cost, living space, and the amenities available. Oak Crest was hands down the winner in every category you would consider,” says David.

“The refundable entrance deposit was also a major consideration for us. A refundable entrance deposit is virtually unheard of at other communities, especially on the west coast,” he adds.

Safe bet

Oak Crest’s onetime refundable entrance deposit secures an apartment home for as long as you live at the community and can be accessed to cover qualified continuing care services if your health needs change. 

“Living at Oak Crest allows you to remove the uncertainty of real estate from your financial portfolio and replace it with a refundable deposit that is safe and secure,” says Jim Antonakos, sales director. “Unlike the value of your house, which can fluctuate, your refundable entrance deposit is guaranteed. 

“I encounter people who have heard about the lifestyle and amenities Oak Crest offers and assume it’s something they can’t afford, so they continue to stick it out in their house,” says Antonakos. “I encourage people to sit down and review the options we have to offer. Typically, folks are surprised to find Oak Crest is more affordable than what they thought.”

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