Choosing the Ideal Retirement home in Hopkinton
Consider all the steps you’ve made in your life. As you step into your retirement years, the decisions you make now are just as important. When you begin reviewing all your choices for senior living in Hopkinton, it can be overwhelming to narrow down your options.
Depending on advice from your loved ones can be complicated, especially when their own schedules are so busy. You don’t want to put any extra pressure on them. That’s why it’s essential to educate yourself about senior living communities, considering both the benefits and negatives so that you can make a decision that will guide you to your own version of a peaceful retirement.
Where can you find the top choice to live for seniors in Hopkinton?
Let’s take a look at two main types of senior living communities: independent living and continuing care retirement communities (CCRCs), or CCRCs. As you explore both options, you’ll want to be informed about the key points between the two.
Independent living communities—like Fairview Estates in Hopkinton—are created for adults who typically don’t need support with the everyday needs. If they do need extra care, they’ll need to arrange it separately. Residents have access to all the amenities, offerings, and health-related services offered in their monthly rental fees.
CCRCs, or continuing care retirement communities, are intended for independent seniors who expect to require a significant level of healthcare services or daily living assistance in the future. They provide a range of accommodations, from independent living to skilled nursing. Residents commit to a contract and pay an initial cost, along with ongoing monthly fees.
The best choice for you will come down to your individual needs.
Could senior independent living at Fairview Estates be a good choice for me?
Senior independent living at Fairview Estates was designed for people who:
- Are 55 and older.
- Stay relatively healthy and active.
- Aren’t dependent on help with everyday tasks like dressing, showering, eating or tracking medications.
- Like to socialize and pursue their pastimes and passions.
- Prefer living in a place of their own with relief from home maintenance and upkeep.
How can independent living make sense?
At Fairview Estates, you get all the perks of independent senior living without the complexities and fees of a CCRC’s contracts and costs.
What is a CCRC
CCRC is short for continuing care retirement community, sometimes referred to as a “life plan” community. In this type of senior housing, 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 never need advanced care, you’ll still be covering the cost. That’s a major factor when planning your long-term financial goals.
At Fairview Estates, you get all the benefits of independent senior living without the complex agreements and expenses of a CCRC’s contracts and costs.
What do I need to know about CCRC contracts?
Moving into a CCRC requires agreeing to a detailed, legally binding contract and putting down a significant entrance fee along with monthly fees. If your financial situation changes or you decide to move, your entrance fee may not be refundable—depending on the conditions of your agreement. If the property is transferred, your contract terms might also be altered. It’s a good idea to consult with a lawyer and a financial advisor before signing.
In contrast, moving into independent living at Fairview Estates in Hopkinton only requires a simple rental agreement. No entrance fees, no extended obligations, and full budget control.
Do all CCRCs require contracts?
Yes. And they typically come in one of three categories:
- Type A – Extensive Life-Care Contracts: You pay in advance for future healthcare.
- Type B – Modified Contracts: some services is included, with future charges as needed.
- Type C – Fee-for-Service Contracts: Least expensive upfront, but costs grow as you need more care.
What should I know about the true price of a CCRC?
According to the National Investment Center for Seniors Housing & Care, the standard buy-in amount for a CCRC is $402,000, but it can range from $40,000 to over $2 million.
Monthly fees can range from $500 to over $3,000, and they generally rise over time. You may need to use your home equity, long-term care insurance, and personal savings just to cover these costs.
At Fairview Estates, there are no entrance fees. You simply pay month-to-month rent and keep your hard-earned nest egg intact.
In what ways does independent living at Fairview Estates compare to a CCRC?
Feature | Fairview Estates | CCRC |
| Level of Care | Independent only | Full spectrum |
| Costs | Lower, monthly only | High upfront + monthly |
| Commitment | Flexible rental | Long-term contracts |
| Location | Hopkinton | Mostly urban areas |
Is it better to go with Fairview Estates or a CCRC?
Consider Fairview Estates in Hopkinton if you:
- Want to feel at home in a place where you're loved and connected
- Are ready to be done with home maintenance
- Want to enjoy a vibrant, social retirement lifestyle
- Are healthy and independent
- Would rather avoid costs for care you may never use
- Want fewer restrictions over binding contracts
Thinking about making the move to senior living in Hopkinton?
Forget outdated views of retirement homes. Senior living communities like Fairview Estates are lively, energetic places that support the modern expectations and lifestyles of today’s seniors.
What are the benefits of moving to Fairview Estates?
Socialization: Stay mentally and physically active with group play, classes, day trips, and celebrations.
Security: Safety alert tools, secure apartments, and thoughtful design for accident reduction offer confidence.
Amenities: Enjoy everything from chef-prepared food and fitness centers to libraries, salons, and group activities.
Care When You Need It: While Fairview Estates focuses on independent living, we can help coordinate care services if your needs ever change.
Come See for Yourself at Fairview Estates in Hopkinton
At Fairview Estates, we keep things simple—absolutely delightful, full of joy, and unquestionably the best option for independent senior living in Hopkinton. We’re excited to provide more info, show you around, and treat you to a delicious chef-prepared meal. Find out why so many active seniors love calling us home. We can’t wait to meet you.