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sewtime10 Asked October 2015

What is the typical increase in rent after your one year is up?

I live in a 2 bedroom, 2 bath apt. in Herndon, VA

laurabutler28 Nov 2015
Look for a six bed assisted living home with end of life care (Hospice assists later on). Rates and care is far better. They don't advertise so you'll have ask around.

malloryg8r Nov 2015
In my area (just outside a major metro area) the Assisted Living Centers that I visited all had a month-to-month lease, and most said the rent would rise 3-5% per year. The cost of the "assistance menu" would rise as needed, and if the nursing management changed hands, as it did in at least one place, the new company could charge whatever were their existing rates, with a short phase-in. The conveniences of living in a senior apartment complex, or AL, does come with some uncertainty. The only places that have fixed costs, are the "buy-in" places which cost $300,000 or more to buy-in, and then your monthly rent is fixed at around $2000 per month for the rest of your life.

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laurabutler28 Nov 2015
They also typically add charges on for any addional services and equipment you may need as your requirements increase.

freqflyer Oct 2015
I see from your profile that you and your hubby live in Independent Living. The future increase in rent will be noted on your lease, and it is usually whatever the owner/landlord finds reasonable to keep his/her tenants in place.

If you live in a regular apartment, it could anywhere from 3% to 5% per year increase.

If the increase in rent is too high, there are other retirement facilities in the Herndon/Reston/Sterling area where you can check their prices. To find other places Google "retirementlivingsourcebook" which covers the northern Virginia area.

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