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.