Living at The Gables is more affordable than you might think…
People are often amazed to discover that living at The Gables is less expensive than they imagined. In fact, The Gables is one of the most affordable full-service retirement communities in all of Vermont. We are proud of our commitment to provide seniors with reasonably priced accommodations and services that will promote independence and support healthy living.
There are two financial components to living at The Gables: A one-time Entry Fee and an ongoing Monthly Fee.
The Entry Fee a resident pays for an apartment is equivalent to the price one would pay to purchase a unit of that size and style in condominium fashion. The Entry Fee at The Gables ranges from $163,000 for a one-bedroom unit to $272,000 for a deluxe two bedroom corner unit, with several options in between.
Payment of the Entry Fee entitles an individual or couple to use the apartment for as long as they reside at The Gables. When the resident vacates the apartment, whether by choice or due to health concerns, The Gables will refund 75% of the Entry Fee. Payment of this refund is made when a new resident moves into the apartment.
We make bill-paying easy! New residents are so pleased that just one check a month to The Gables covers almost all of the living expenses they were paying for separately in their previous home. Significant components of our Monthly Fee include:
- Property taxes on the apartment
- Dining services (19 meals/week) including 10 guest meals a month for lunch or dinner
- Housekeeping services
- All utilities (electricity, heat, water) excluding telephone
- Cable television (over 60 channels)
- Interior and exterior maintenance
- Wellness and fitness programs
- Social and cultural activities
- Transportation services to local destinations
- 24-hour emergency response
- Front desk services
- Priority admission status to our assisted living community The Meadows
- Access to on-site hair salon, workshop, exercise room, library, community gardens, walking trail, and more
The Monthly Fee is currently $2,350/month for the first resident in an apartment and $844/month for the second resident sharing the apartment.
Click here to download our Cost Comparison Worksheet which will assist you in comparing your current expenses with those covered under The Gables’ monthly fee. Worry-free living may be more affordable than you think.
Priority List Deposit
To help prospective residents plan ahead for a move to The Gables, we encourage them to remit a fully refundable $1,500 deposit to be placed on our Priority List. Once this deposit is placed, they will be assigned a priority number for future vacancies and will receive notification when apartments become available.
Those who ultimately decide to reside at The Gables are asked to place a $5,000 deposit to hold the apartment they have chosen. This deposit is applied to the Entry Fee when the resident moves to The Gables. It is our intent to make a move to The Gables as easy as possible. Should you have any questions whatsoever, or wish to discuss financial arrangements, do not hesitate to contact us using the buttons at the top of this page.