There are some special elements to purchasing properties in 55+ communities. 55+ communities may have different features, amenities, and restrictions. The following contains information on purchasing properties in 55+ communities in NH.
Definition of 55+ Communities
55+ communities have specific age restrictions. The explicit guidelines are based on the specific complex. Some dictate that one occupant be a minimum of 55 years old while others require every resident be over 62 years old, making it a 62+ community. Some allow minors and others restrict them. It is important to meticulously understand these and other restrictions before putting in an offer.
Common Conveniences Of 55+ Communities
55+ communities are designed to foster maintenance-free living for its residents. Most come with specific luxuries. Tennis courts, golf courses, pools, fitness centers, and recreational facilities are typical. An association is usually in charge of routine maintenance of the grounds, building exterior, and shared facilities. Many will also provide special activities for its residents. Be sure to inquire about applicable fees for these.
Homes within 55+ communities usually include particular features. Among these are a master bedroom on the lower floor, less acreage, and maintenance free appliances. If purchasing new construction units, certain features may be optional. Model units are generally upgraded to showcase a range of features. It is therefore important to get clarification on what is included.
Purchasing Properties In 55+ Communities In NH
Every community has something unique to offer. This is dependent upon age restrictions, rules, amenities, home features, location, and type of residents. It is important to review and weigh all of the details on a specific community. Working with a real estate broker who is knowledgeable in 55+ communities can make a big difference in the process. Your real estate broker will assist you with evaluating financials and other paperwork, suggest questions to ask, and help you make an informed decision about purchasing properties in 55+ communities in NH.