Saturday, August 22, 2009

Getting into the Details

A week or so after the "free lunch" we met with the marketing staff who explained all the aspects of the planned CCRC as well as the financial arrangements. We were able to ask and have answered all the questions that had come to mind in the interim. The more we heard, the more we liked the plan as well as the flexible financial arrangements.

A center common area would house the reception area, dining rooms, library, mail room, meeting room, etc. It would be located between the two apartment wings, each three stories tall. A swimming pool and craft room was planned for the lower floor, in addition to underground parking (one space for each apartment). Did you get that? UNDERGROUND PARKING! In Grand Rapids, where it snows all winter long.

There were several choices regarding financial arrangements. The deposit required for an apartment depended first upon the size of the apartment and then upon the percent of the deposit which we wanted to have returned to us or to our estate. When we made the decision to have a certain percentage of the deposit returned to us, then the cost of the apartment and the monthly maintenance fee were determined. In our case, we chose the plan with the lower monthly maintenance fee which would return a larger amount to our estate.

Now, I must say that the marketing staff was very highly skilled. She was also delightful and highly motivated to sell the plan. She told us that if we would return within one week with a check for 10% of the apartment deposit we would be given some special premiums which included $2,500 toward any "extras" that we would want in our apartment. In addition, while we were waiting for the facility to be built, our money would sit in an escrow account at the bank and could be returned to us plus interest, should we decide to cancel our plan.

So, with nothing to lose, we went into the model room and put a red pin into our SC corner apartment on the third floor of the B Wing!

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