Purchasing homes in 55+ communities differs from other types of homes. 55+ communities may include unique features, conveniences, and rules. This blog contains an overview of purchasing homes in 55+ communities in MA.
What Defines 55+ Communities
55+ communities have certain age conditions. The precise restrictions depend on the individual community. Some mandate that one occupant be at least age 55 while others are stricter and require every resident be at least age 62. Some allow children while others forbid them. It is critical to be aware of these and other rules before putting in an offer.
55+ Communities and Typical Features
55+ communities are created to provide maintenance-free living for its residents. Most come with certain amenities. Golf courses, tennis courts, swimming pools, gyms, and club houses are very popular. An association is generally responsible for routine upkeep of landscaping, property exterior, and shared facilities. Many may also offer special programs. Ask about the fees for these services.
Homes within 55+ communities typically include specific features. Among these are a master suite on the first floor, less acreage, and low-maintenance appliances. If buying new construction units, some enhancements may require an additional charge. Model units are often upgraded to showcase add-on amenities, so do not assume that everything you see in a model come included.
Purchasing Homes In 55+ Communities In MA
Each community provides a different environment and lifestyle. This is dependent upon age restrictions, rules, services, property features, location, and type of residents. It is critical to evaluate and weigh all of the details on a particular community. Working with a real estate broker who specializes in this type of property can make a big difference in the process. Your real estate broker can help you evaluate community paperwork, advise you on questions to ask, and help you come to an educated decision about purchasing homes in 55+ communities in MA.