[VA] 55+ communities near golf w/in hour of McLean?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
| Looking for an upscale 55+ community within an hour of McLean with (or near) a golf course for my parents looking to relocate from out of state. Ideally would like to spend no more than $600 or $700K. Any suggestions? Seems as though the Regency at Dominion Valley (Haymarket) most closely fits the bill but would greatly appreciate any other leads. Thank you! |
Anonymous
| My ILs are at Regency and like it. |
Anonymous
| They just opened a new community near Reston National. |
Anonymous
| OP here. Thanks, PPs. Does anyone have details on the one near Reston National? Can't seem to find it online. Also, feedback on Heritage Hunt (esp. as compared to Regency at Dominion Valley)? |
Anonymous
| Suffield Meadows near Warrenton |
Anonymous
| Lansdowne in Leesburg has Lansdowne Woods. Lot of other 55+ being built out there such as Lexington 7 and you can join several of the neighborhood golf clubs which are 5 mins away without living the the neighborhoods. Lot of older adults in One Loudoun since the yards are small & they also have nice condos and it's walkable to shops/restaurants. |
Anonymous
| How about Ashby Ponds in Ashburn? There’s a golf course within a couple miles of it. |
Anonymous
| Are they former military at all? There is The Fairfax down by Ft. Belvoir, with cottages for the 55+ crowd and then nursing home care when they need it. There are at least 5 golf courses I can think of off-hand: the one at Ft. Belvoir (if your parents have access to military facilities), Springfield Country Club, Mt. Vernon Country Club, Belle Haven Country Club and Army-Navy Country Club. I don't know about the quality of the Ft. Belvoir golf course but Belle Haven and Army-Navy are top notch. |
Anonymous
I looked into this. 450K to walk in the door, then $2200 AT MINIMUM monthly for residency. They claim you'd get back some of that 450K if you don't need extended services. I doubt it. A lot of these kinds of places are not regulated in any way - they go out of business/bankrupt, you lose your 450K investment plus have nowhere to live. I would buy a place in, say, Landsdowne or something like it, where you own your property outright. |
Anonymous
|
You obvious didn't understand that Ashby Ponds is a Continuing Care Facility. Continuing Care Facilities are very definitely regulated and you sign a contract that clearly defines how much and when you get your initial deposit back. And for the monthly fee its not just a rental fee, it includes meals, cleaning, medical facilities, etc. I have relatives at Ashby Ponds and another continuing care facility and although they both work a little differently my relatives are happy at both of them.
The pp implications about Ashby Ponds and Continuing Care Facilities are ludicrous. |
Anonymous
| Look for something accredited by CARF |
Anonymous
NP. It is regulated, but some do go bankrupt and causes A LOT of problems. |
Anonymous
|
You do need to research very carefully and frankly I’m not sure that you can avoid the risk of losing your deposit. Private equity is heavily invested in 55+ communities and continuing care. PE is based on an economic extraction model. In order to maximize profit for investors, it increases fees, saddles the entity with debt, and liquidates any assets it can. The goal isn’t to provide, maintain or grow the service. The goal is to extract what it can. As PE operates on leveraged buyouts where the investment firm is immediately paid back for its purchase by the entity taking a large loan once it’s acquired, the PE firms will sell it to another PE firm. When there is truly nothing left and the bank has devalued the entity to where no other PE firms will buy it, it goes bankrupt. Bankruptcy of the entity doesn’t hurt the PE firms. It basically part of the cycle.
The question isn’t whether you can avoid the risk of losing your deposit or home but timing. Will your elder live longer than the time it takes for PE to extract all the assets. |
Anonymous
| Lake Frederick in Winchester? |
Anonymous
| Ashby Ponds is continuing care not 55+. Two different things for different needs. |