Understand the Costs
Because so much is included, residents pay for Life Plan Communities like University Village Thousand Oaks in different ways than they would for a traditional single-family home or a rental apartment. Residents pay a one-time, highly repayable entrance fee and a monthly fee. These fees cover your home plus what’s included in the robust lifestyle, with a lifetime of long-term care included at a predictable monthly fee.
Monthly Fee
It includes so much – an exceptional value.
For those who take time to do the math, University Village can prove to be a compelling value. With priority access to the adjacent health center for long-term care, if ever needed, included in the monthly fees, this is a lasting benefit of a retirement well-planned.
An accurate understanding of which services and amenities are included is important to seeing the full value. Many of the perks at University Village are not standard fare at other SoCal retirement communities. These include meals at restaurants, scheduled housekeeping and landscaping maintenance, entertainment and transportation services, pickleball, wood shop, health spa and other on-site attractions.
In addition to simplifying their finances, University Village residents are no longer responsible for property taxes, HOA charges, real estate insurance or many of their utilities – and may be eligible to receive significant tax benefits associated with their new move.
Entrance Fee
A plan for peace of mind.
University Village residents pay a one-time highly repayable entrance fee upon move in. The price is based on the size and location of the home they select, and much of this fee is repaid to the resident or their estate. Many residents use the proceeds from the sale of their current home to pay their highly repayable entrance fee. At University Village, the fees start in the $650,000s and can be over $2,500,000 for our largest villa homes.
Expect more for your dollar.
A simple plan with priority access to the adjacent health center for assisted living, memory care, and long-term care in a skilled nursing center, if ever needed.
Compare your options today with the helpful tools below.
Comparing Your Options
Discover the distinction that sets us apart.
Shopping around? Good idea. An accurate understanding of which services and amenities are included is just as important as loving the floor plans. Many of the perks we take for granted at University Village (pickle ball and tennis, movie theater, swimming pool, multiple dining venues, wood shop, health spa) are not standard fare at other Southern California retirement communities. Here’s an easy comparison chart to use while you’re learning about your options.
You'll discover that nothing quite compares to the value and advantages that University Village provides, but don't just take our word for it. By submitting your details, you can instantly receive our comparison chart directly to your email inbox.
Understanding Alternatives
Retirement communities aren’t the same.
Different Life Plan Communities (also known as Continuing Care Retirement Communities, or CCRCs) may provide different levels of long-term care support to residents, and some retirees choose to take on more risk than others. Finding the right fit is important, and the State of California has provided help by categorizing communities as type A, B, and C. Click below for a better understanding of the differences between categories.
What does it mean and how do I know I have good coverage for my future? By submitting your details, you’ll receive an informative retirement living guide directly to your email inbox.
