What Will It Cost to Live at Ensō Verde?
It’s one of the first—and most important—questions people ask: What will it cost to live here?
Ensō Verde is a Life Plan Community, meaning your fees cover both your current lifestyle and future care needs. While we’ve outlined some basics below, we encourage you to visit the Preview Center for a more personalized conversation. We’re also happy to talk with your family members or financial advisors to ensure everyone is aligned.
Wherever you choose to live, there are always costs—from mortgages or rent to utilities, taxes, and home maintenance. What sets Ensō Verde apart is that we offer a variety of contract and residence options designed to provide long-term value and peace of mind—for you and the people who care about you.
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Curious about which residence options might be the best financial fit for you? The MoneyGauge Affordability Calculator can help.
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Are there tax advantages?
Tax laws are, of course, constantly evolving and always subject to interpretation, but recent legal precedents have introduced favorable tax benefits for seniors residing in a Life Plan Community who have sought to deduct portions of their deposits and fees. Of course, you and your tax preparation professional should consult closely to determine the best strategy for your circumstances.
Life Plan Community Model
There will be an entrance fee and monthly fees that will range based on the size and configuration of each residence, and there will be variable options for repayable percentages of the entrance fee, which have yet to be determined.
The costs of creating Ensō Verde are comparable to what you might pay to build your own comfortable and beautiful home in Ventura County. Ensō Verde will benefit from the construction of so many new homes, which will assist with the land purchase and building of additional community spaces including multiple dining venues, a gymnasium, pool and numerous other amenities.
The fees will reflect the costs of the services and amenities provided to the members of the community. A portion of these fees may be tax deductible. As the community nears completion, we will offer more guidance regarding the percentage of expenses related to health care that may enable one to take a deduction for a small portion. Please consult your tax advisor for more information.
What is an entrance fee?
With payment of the entrance fee, residents have opportunities to move to other levels of care as their needs change. The amount of the one-time fee is based on the size and location of the residence chosen. Ensō Verde offers a 75% repayable contract, meaning that 75% is repayable to the resident or their estate upon the death or relocation of the resident.
What is a monthly service fee?
Combined with the entrance fee, the monthly service fee is an inclusive charge that varies with residence size and number of occupants. Monthly service fees cover the cost of a variety of services, such as:
- Chef-prepared gourmet meals
- Interior maintenance
- Exterior maintenance
- Utilities (heating, air conditioning, water, electricity, cable television, WiFi and internet access)
- Housekeeping
- Scheduled transportation
- Concierge services
- Community amenities
- Comprehensive Wellness Programs
- Most activities and events
- Fitness center
A Mindful Perspective on Timing Life’s Next Chapter
There’s wisdom in patience—in allowing life to unfold without rushing the moment. But there are also times when waiting can cost more than we realize. We have created a Cost of Waiting Guide designed to help you explore this deeply personal decision.