Friday, March 22, 2019 / by Danny Moss
An Overview Of Buying Properties In 55+ Communities
Buying properties in 55+ communities is similar to other types of properties, but there are a few differences. 55+ communities may offer unique features, amenities, and regulations. The following covers an overview of buying properties in 55+ communities.
55+ Communities and What They Are
55+ communities have certain age restrictions. The explicit rules are based on the exact complex. Some mandate that just one resident be at least age 55 while others mandate that every resident be at least age 62. Some allow children while others restrict them. It is important to become familiar with these and other restrictions before continuing with a purchase.
55+ Communities and Common Amenities
55+ communities are designed to provide maintenance-free living for its residents. Most come with specific conveniences. Tennis courts, golf courses, swimming pools, fitness centers, and game rooms are very typical. An association is often given responsibility for everyday maintenance of the grounds, exterior, and common facilities. Many may also provide recreational activities for its residents. Be sure to inquire about the fees for these things.
Homes within 55+ communities typically include particular features. Examples are a master suite on the lower floor, smaller plots of land, and low-maintenance appliances. If buying new construction buildings, certain enhancements may cost extra. Model units are typically enhanced to highlight all amenities. It is therefore important to get details on what is included.
Buying Properties In 55+ Communities In Houston, Conroe, The Woodlands
Each community provides a different environment and lifestyle. This is dependent upon age guidelines, rules, amenities, property features, location, and population. It is worthwhile to evaluate and weigh all of this information. Hiring a real estate team who specializes in 55+ communities may be a big help in the process. The Franke Team can assist you with evaluating community documentation, suggest questions to ask, and help you make an informed decision about buying properties in 55+ communities.
For ALL your real estate needs, contact The Franke Team by calling (936) 647-4400 or emailing Info@ConroeRealEstate.com.