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Purchasing Properties In 55+ Communities In Nashua NH

By
Real Estate Agent with Bean Group

There are some special elements to purchasing properties in 55+ communities. 55+ communities can include different features, amenities, and rules. The following covers tips on purchasing properties in 55+ communities in Nashua NH.

Definition of 55+ Communities

55+ communities are age-restricted. The exact rules depend on the particular complex. Some dictate that at least one household member be over age 55 while others are stricter and mandate that every resident be at least 62 years old, making it a 62+ community. Some allow minors while others exclude them. It is important to learn about all of the restrictions before moving forward with a purchase.

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55+ Communities and Typical Conveniences

55+ communities are created to foster maintenance-free living. Most come with certain luxuries. Golf courses, tennis courts, pools, fitness centers, and recreational facilities are popular. An association is generally given responsibility for routine maintenance of the grounds, home exterior, and shared facilities. Many will also run recreational programs for its residents. Inquire about any dues for these.

Real estate within 55+ communities often come with certain features. Examples are a master bedroom on the first floor, less land, and energy efficient appliances. If purchasing new construction units, some enhancements may incur an added charge. Model units are usually upgraded to showcase all features, so do not presume that all things in a model come standard.

Purchasing Properties In 55+ Communities In Nashua NH

Each community has a unique setting and style of living. This is influenced by age restrictions, rules, services, property features, location, and type of residents. It is important to understand and weigh all of the details on a certain community. Working with a real estate agent who is knowledgeable in this kind of property may make a big difference in your home buying experience. Your real estate agent will help you gather community paperwork, advise you on questions to pose, and help you arrive at an educated decision about purchasing properties in 55+ communities in Nashua NH.

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