Frequently Asked Questions – and helpful answers!

Call 866-843-7534 for more information.

• Q:When will SearStone open?

  It is anticipated that the first Members will move into SearStone in 2013.

• Q:How much do SearStone homes cost?

  SearStone has so many residential floor plan options that there is no one price – and, therefore, potentially a perfect home for everyone! The best way to explore your options is to visit the SearStone Sales Center, see the scale model, and floor plans, and learn about the pricing of the home styles that interest you most.

• Q:Do my spouse or partner and I both have to be 62 to live here?

  No. At least one of you must be 62.

• Q:What is "Life Care"?

  Life Care includes a long-term care insurance component and can be used in conjunction with long-term care insurance for increased financial efficiency. This means that if you ever find yourself seeking assisted living or nursing services, your Life Care Agreement at SearStone protects you financially. To learn more about Life Care and it’s advantages call 866-843-7534.

• Q:Why should I choose SearStone over another community?

  Many reasons! Among them, the unparalleled freedom of choice and the built-in social, financial and long-range advantages. For example, the SearStone 100% Refundable Entrance Fee program provides estate preservation – and all the benefits of homeownership without the liabilities, like equity programs. Unlike most communities, the SearStone lifestyle allows you to express your individuality in many ways:

  • You have numerous types of residences from which to choose: Plaza, Terrace, Clubhouse and Estate homes.
  • You have abundant, uniquely distinctive floor plans from which to choose –considerably more layouts than other communities, unique in their offerings of options such as super-sized balconies/terraces, home office space, superior closet and storage space, interesting alcoves and lofts, etc.
  • You have two alternatives for Monthly Membership and Services – Gold and Platinum Packages, allowing choices of dining and housekeeping frequency.
    • Monthly Membership and Service Fee Packages include property/real estate taxes; flood/hazard/homeowners insurance; home warranty; interior maintenance; exterior maintenance and more.

  Call 866-843-7534 for more information.

• Q:Why will SearStone be a not-for-profit community? What is a not-for-profit community?

  A not-for-profit community is one where any revenues that exceed expenses are to be used for the sole benefit of the people who live within the community and are not used for other purposes. Not-for-profit communities also have additional fiscal oversight as well as a volunteer Board of Directors. SearStone will be a not-for-profit community by choice and by design.

• Q:What are some of the main differences between a community like SearStone and other communities in the area?

  For your convenience, here is a general comparison chart of coverages:

  	Covered under Life Care at SearStone	Covered at area Entrance Fee communities	Covered at area Equity communities
  Real estate and property taxes	Yes	Yes	No
  Hazard and flood insurance	Yes	Yes	No
  Operating Reserve Fund deposit *	N/A	N/A	$7,500 or more
  Non-refundable membership fee **	N/A	N/A	10% of purchase price
  Housekeeping	Choice of weekly or monthly	Typically no choice or a la carte	Typically no choice or a la carte
  Assisted living services	Unlimited	Typically extra charge or 90 cumulative lifetime days	Typically extra charge or 90 cumulative lifetime days
  Skilled nursing services	Unlimited	Typically extra charge or 90 cumulative lifetime days	Typically extra charge or 90 cumulative lifetime days
  Private skilled nursing accommodations	Yes	Typically no, or an extra charge	Typically no, or an extra charge
  Dining	Choice of 15 or 28-31 dining credits per person per month	Typically no choice	Typically no choice

   
  *May or may not be refunded at time of resale – depending upon waiver of need from State of North Carolina or its use or non-use for reserve purpose.
  
  **This is treated as income by the community when received.

• Q:I still have a question. What do I do?

  The SearStone Team is ready and waiting to answer your questions personally. Simply call us at 866-843-7534. Or click here to contact us online now with your inquiry. We’ll reply promptly.