Friday, March 22, 2019 / by Danny Moss
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 resp. ...