Regency Retirement Residence
Frequently Asked Questions
What safety measures and precautions are being taken with the Covid19 virus pandemic?
The Board of Directors Voted at the May 2021 board meeting that anyone who has not been vaccinated to please wear a mask in the public areas of the facility. Residents can determine precautions for their family and guests within their units.
What Exactly is Regency Retirement Community?
Regency is an apartment style community exclusively for people age 55 and over. It is also a non-profit corporation (501c3) under Iowa state law. A person must meet three criteria to qualify for Regency ownership:
- Be at least age 55
- Qualify financially
- Be an “independent” senior
Who Runs Regency?
A five-person Board of Directors chosen by the Members. Three resident Directors and two local community members serve and are chosen at an annual meeting. A Manager and staff carry out the Board’s policies.
Is Regency an Ownership or a Rental?
Regency is an owner occupied community with prices based on square footage. Those who purchase, own a membership with voting rights in the non-profit corporation. Ownership gives one a membership certificate of title, the apartment of their choice, an elegant and lovely community room for socials and personal use, and free laundry amenities.
Are Utilities Included?
Some utilities are included (water, sewer). Since everyone’s usage is different, our Members have currently voted to pay their own personal gas and electric. Just another way our Members can choose to control their own costs, without subsidizing the expenses of others. Computer & Internet access is FREE!
Laundry facilities are included and free.
What additional charges are there?
Below are optional for additional fees:
- Garages: Attached ($45/mo) or detached ($40/mo)
- Telephone: Landline or Cell
- Cable Television: A Mediacom Cable TV 90 channel package is available for $49/mo., with additional packages of your choice, such as extra sports, movies, etc.
What About Health Care?
You and your personal physicians continue to handle your health decisions. Regency welcomes all “in home” care and service providers that you or your physicians choose, such as Homeward, At Home Care, Home Instead, Hospice, and others.
Are there planned activities?
Residents can plan and organize activities independently. There is coffee in the community room for visiting and birthdays and holidays are typically celebrated with pot lucks or other activities. During the winter months, the manager may schedule a program or entertainment to help with the winter “blahs” and give residents something to look forward to.
Questions? Please contact Vicki at 515.382.6169 or regency2@iowa-seniorliving.com
Are pets allowed?
Regency Retirement Residence is a pet free facility with exceptions only being approved by the Board of Directors on a case-by-case basis.
At Regency, You Control Your Lifestyle & Costs
- Membership at Regency is based upon our Members having a say in their own costs and lifestyle.
- It is your money and there are no “surprises”. Everything is laid out clearly, right up front, and the Members themselves help decide association dues and changes.
- Upon resale, your total proceeds are returned to you or your estate.
Estimated Costs At Your Current Property Versus Living At Regency
| Expenses | Your Current Monthly Estimates | Your Regency Estimates |
|---|---|---|
| Property Taxes | $225 | Included |
| Electric & Gas (Per Usage) | $250 | $100 (estimated) |
| Computer & Internet Access | $60 | Included |
| Telephone | Optional | Optional |
| Water/Sewer | 150 | Included |
| Property Insurance | 125 | 10.00 |
| Routine Maintenance (Plumbing, electrical, mowing, snow removal | 250 | Included |
| Major Repairs / Replacements (appliances, fictures, windows, roof, siding, paint) | 100 | Included |
| Transportation Costs (vehicle upkeep, plus $2.50/gal for gas) + Garage | 100 | As Requested |
| Monthly Dues | n/a | $820 – $1051 |
| Peer Friendships, Convenience, Security, Privacy, Social Options | n/a | Included & Priceless! |
| Total Monthly Estimate | $1,260 | $930 – $1,161 |
