Tips On Purchasing Homes In 55+ Communities In Boston Area

There are a few special aspects to purchasing homes in 55+ communities. 55+ communities may have different features, conveniences, and rules. Below outlines tips on purchasing homes in 55+ communities in Boston Area.

What Defines 55+ Communities

55+ communities have specific age restrictions. The precise criteria are based on the individual complex. Some mandate that just one person living in the home be over age 55 while others require all residents to be over 62 years of age, making it a 62+ complex. Some allow minors and others do not. It is critical to learn about these and other restrictions before entering into a contract.

Popular Features

55+ communities are intended to provide care free living for its residents. Most come with certain conveniences. Golf courses, tennis courts, pools, fitness centers, and game rooms are common. An association is usually responsible for routine upkeep of the grounds, building exterior, and shared facilities. Many will also offer recreational activities for its residents. Monthly or annual fees can apply.

Properties within 55+ communities often come with specific features. Among these are a first floor master bedroom, less acreage, and low-maintenance appliances. If purchasing new construction homes, some features may cost more. Model units are typically enhanced to showcase a range of amenities, so do not presume that all things in a model are included.

Purchasing Homes In 55+ Communities In Boston Area

Every community provides a unique environment and style of living. This is based on age guidelines, rules, services, home styles, location, and residents. It is worthwhile to review and weigh all of this information. Hiring a real estate broker who specializes in this category of property may be an added advantage in the process. Your real estate broker will assist you with reviewing financials and other paperwork, advise you on things to ask about, and help you come to an educated decision about purchasing homes in 55+ communities in Boston Area.