There are some unique elements to purchasing real estate in 55+ communities. 55+ communities can contain different features, conveniences, and rules. Below contains information on purchasing real estate in 55+ communities in MA.
Definition of 55+ Communities
55+ communities are age-restricted. The exact restrictions depend on the individual complex. Some mandate that one resident be over 55 years of age while others mandate that all residents to be at least age 62. Some allow children and others do not. It is necessary to learn about these and other rules before continuing with a purchase.
55+ communities are intended to foster care free living. Most come with specific amenities. Tennis courts, golf courses, pools, fitness centers, and club houses are typical. An association is usually tasked with routine maintenance of landscaping, home exterior, and shared facilities. Many will also hold special programs. Inquire about any fees for these things.
Homes within 55+ communities usually come with certain features. Examples are a first floor master suite, smaller plots of land, and low-maintenance materials. If purchasing new construction homes, some enhancements may require an additional expense. Model homes are commonly upgraded to showcase bonus amenities. It is therefore wise to get clarification on what is included.
Purchasing Real Estate In 55+ Communities In MA
Every community promotes a different environment and lifestyle. This is influenced by age restrictions, rules, services, home styles, location, and population. It is critical to review and weigh all of the details on a particular community. Hiring a real estate representative who understands this type of property can be a big help in your home buying experience. Your real estate representative will assist you with evaluating community documentation, advise you on things to inquire about, and help you develop an educated decision about purchasing real estate in 55+ communities in MA.