Q:  Why is full equity ownership at Luther Village preferable to payment plans at other retirement communities?

A:  Most other local retirement communities require a large up-front fee called an entry fee or an endowment fee. This fee is often comparable to a purchase price, but only entitles you to residency rather than to ownership. While some entry fees are partially refundable, an entry fee still does not secure you the investment benefits of full equity ownership. Home ownership is widely considered one of the wisest financial investments available. Ownership brings with it valuable tax benefits. It also ensures that when you or your estate sells your home, you will realize its current market value rather than just a portion of your investment.

A:  Luther Village homeowners may sell their own home, leave the home to heirs, hire an outside broker, or choose Shaw Realty Services (the exclusive marketing agent) to sell their home at a commission rate of 6%. Shaw Realty Services staffs the Luther Village sales office with professionals experienced in marketing the unique benefits of the community.

A:  There is no formal waiting list. Previously owned homes are available throughout the year and are purchased on a first-come, first-served basis. Should you desire a particular location or type of home, make your preference known and a sales counselor will contact you immediately upon its availability.

A:  Luther Village’s dining plan is unique from other communities, which require you to eat (or at least pay for) up to two meals per day. Luther Village’s dining plan operates somewhat like a country club. You are required to prepay for only a minimal amount of meals per month in either of the two campus restaurants. This dining minimum varies depending on the type of home you purchase and equals on average five to ten total meals per month.

A:  Luther Village is situated on the same campus as the Lutheran Home, a renowned health care provider serving Illinois seniors for 110 years. While Luther Village is an active and independent community, its homeowners benefit from the assurance of having priority access to various health services of the Lutheran Home. Some Luther Village residents select a primary care physician from the Lutheran Home to make routine doctor visits convenient. The Lutheran Home is also available for short-term, recuperative care after surgery or for long-term nursing care, should that need arise. Luther Village has a wellness clinic staffed by a Health Resource Nurse who helps facilitate any health care services. Furthermore, you will only pay for health care if it is needed.

A:  All villa and courtyard homes include a single-car garage. All mid-rise residences include an outside parking space. Underground heated parking spaces can be purchased for an additional charge.

A:  The Luther Village shuttle has a full schedule of stops throughout the week to grocery stores, malls, churches and other locations as well as social excursions. This service is free to everyone.

A:  Luther Village is a nondenominational retirement community for people 55 and over who are looking for a maintenance-free independent lifestyle. Some homeowners maintain long-time careers either on a full or part-time basis. Others remain active in civic, artistic, church and volunteer activities outside of Luther Village. Most Luther Village homeowners have found a variety of friendships and opportunities for personal growth and fun right at Luther Village.