Buy-ins for continuing care retirement communities ?s
My mother-in-law is considering moving to a continuing care retirement community in Iowa. She'd start off with an independent living apt. and then progress to an assisted living apt. when needed.
The place is asking for a $52,000 buy-in and then monthly rent of $900 for the independent living apt. We've had difficulty getting straight answers about costs, deposits, etc. because the marketing director of the facility is new to the job.
Do you have any advice as to questions we should be asking and things we should be checking for? Thanks for your help.