Purchasing real estate in 55+ communities is similar to buying any other kind of home, but a few things are different. 55+ communities may have different features, amenities, and regulations. Below outlines an overview of purchasing real estate in 55+ communities in Litchfield NH.
What Are 55+ Communities
55+ communities have specific age restrictions. The explicit restrictions depend on the individual complex. Some require one person in the home be at least age 55 while others are stricter and require every resident be at least age 62. Some permit children while others do not. It is prudent to become familiar with these and other restrictions before submitting an offer.
Typical Amenities Of 55+ Communities
55+ communities are intended to provide maintenance-free living for its residents. Most come with certain conveniences. Golf courses, tennis courts, pools, fitness centers, and game rooms are very typical. An association is usually in charge of everyday upkeep of landscaping, property exterior, and common amenities. Many may also provide recreational activities. Monthly or annual fees may be due.
Properties within 55+ communities often come with key features. Examples are a first floor master bedroom, smaller plots of land, and low-maintenance appliances. For new construction buildings, certain enhancements may require an additional expense. Model homes are typically upgraded to highlight a full range of features. It is thus important to get clarification on what is included.
Purchasing Real Estate In 55+ Communities In Litchfield NH
Each community promotes a different environment and lifestyle. This is influenced by age restrictions, rules, amenities, property styles, location, and population. It is worthwhile to review and weigh all of this information. Working with a real estate professional who is knowledgeable in 55+ communities can be a big help in the process. Your real estate professional will help you review community paperwork, advise you on things to inquire about, and help you come to an informed decision about purchasing real estate in 55+ communities in Litchfield NH.