An Overview Of Buying Properties In 55+ Communities In Colorado

There are a few special elements to buying properties in 55+ communities. 55+ communities can have unique features, amenities, and rules. Below includes an overview of buying properties in 55+ communities in Colorado.

Defining 55+ Communities

55+ communities are age-restricted. The exact guidelines are based on the individual community.Some dictate that at least one member of the household be a minimum of 55 years of age while others mandate that every resident be at least age 62. Some allow children while others restrict them. Understanding these and other rules before entering into a contract is critical.

Popular Features Of 55+ Communities

One popularity of 55+ communities is providing maintenance-free living for its residents. Most include certain luxuries. Tennis courts, golf courses, pools, gyms, and game rooms are typical. An association is generally tasked with routine maintenance of land, home exterior, and shared amenities. Many may also provide recreational programs for its residents. Be sure to ask about any fees for these services.

Real estate within 55+ communities usually come with specific features. Examples are a master bedroom on the first level, smaller yards, and low-maintenance appliances. For new construction units, some enhancements may incur an added expense. Model units showcase a range of features, so do not assume that all things in a model come standard.

Buying Properties In 55+ Communities In Colorado

Every community provides a different environment and lifestyle. This is dependent upon age guidelines, rules, services, home features, location, and type of residents. It is important to understand and weigh all of the details on a certain community. Hiring a real estate professional who understands 55+ communities can be a big help in your purchasing experience. Your real estate professional will assist you with reviewing all of the information on a community, suggest questions to pose, and help you come to an informed decision about buying properties in 55+ communities in Colorado.