Pricing for Peace of Mind and Quality of Life

Moving into an active independent living community is an investment in your future, and while the price tag can often seem overwhelming at first, it is important to consider how your funds are being used.

Like many communities, Covenant Woods requires an entrance fee, which covers your future healthcare needs. Most new residents fund their entrance fee through the equity in their home. For more on entrance fees, see our entrance fee options.

Fee Schedule

Apartment Fee Schedule

Cottage Fee Schedule

All monthly fees are associated with the residence type. Services included:

  • Flex Spending Plan for dining
  • Bi-weekly housekeeping
  • Real estate taxes and utilities: electricity, water, natural gas, sewer, and refuse
  • Cable TV hook-up
  • Washer and dryer, stove, dishwasher, refrigerator, and microwave, and maintenance of appliances furnished
  • Maintenance of residence and grounds
  • Transportation in accordance with the community policies
  • Activities, fitness and wellness programs
  • Campus security
  • Emergency call system

One of only three CARF-accredited retirement communities in Richmond.

Covenant Woods was awarded a five-year accreditation in 2015 by the Commission on Accreditation of Rehabilitation Facilities (CARF), which designates communities as official Continuing Care Retirement Communities, or CCRCs – the gold standard for retirement communities. This prestigious honor is shared by less than 10 percent of CCRCs internationally.

Accreditation tells residents that Covenant Woods has met numerous standards, particularly that of financial stability and the ability to provide lifelong healthcare, giving residents with peace of mind that community leadership is properly stewarding their dollars and is providing a high level of care. CARF accreditation also signals a commitment to continually improving services, encouraging feedback, and serving the community.

The Continuing Care Accreditation Commission (CCAC) was nation’s first and only accreditation system for CCRCs, founded in 1985 through the American Association of Homes and Services for the Aging (now known as LeadingAge). In 2003, CARF acquired CCAC. While the CCAC name and accreditation seal are no longer in use, CARF continues the unique attributes of the accreditation process for CCRCs, including five-year accreditation, annual financial reviews, and financial ratio benchmarks.

Coming here from Georgia was a difficult decision but as soon as I arrived I felt as if I had found a new family at Covenant Woods. I am busy with new friends, activities, and volunteer opportunities.” Andrea, a resident at Covenant Woods.