Buying in 55+ Communities in Salt Lake
Information On Buying Real Estate In 55+ Communities In Salt Lake
Buying real estate in 55+ communities is similar to other types of properties, however, there are some notable differences. 55+ communities may contain unique features, amenities, and regulations. This blog outlines information on buying real estate in 55+ communities in Salt Lake.
What Defines 55+ Communities
55+ communities have certain age guidelines. The exact criteria depend on the specific community. Some dictate that at least one occupant be a minimum of age 55 while others are stricter and mandate that all residents to be at least 62 years of age, making it a 62+ complex. Some allow children while others restrict them. It is important to become familiar with these and other restrictions prior to moving forward with a purchase.
55+ communities are designed to foster maintenance-free living for its residents. Most include specific amenities. Golf courses, tennis courts, pools, gyms, and recreational facilities are very typical. An association is generally in charge of routine maintenance of the grounds, property exterior, and common facilities. Many may also offer recreational programs for its residents. Be sure to inquire about any fees for these things.
Homes within 55+ communities typically come with particular features. Among these are a master bedroom on the first level, smaller plots of land, and energy efficient appliances. For new construction homes, some enhancements may be optional. Model homes are commonly enhanced to showcase add-on amenities, so do not presume that all things in a model are included.
What Others Say About 55+ Projects
Bankrate.comIs a retirement community for you?Bankrate.comOver the Thanksgiving holiday, I spent a day with my wife's relatives. Our hosts live in a 55-plus community, are in their mid-60s and are considering the timing of their next move into a cont ...
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Buying Real Estate In 55+ Communities In Salt Lake
Every community offers a unique environment and lifestyle. This is influenced by age restrictions, rules, services, home features, location, and residents. It is worthwhile to review and weigh all of the details on a particular community. Working with a real estate broker who understands 55+ communities may make a big difference in your buying experience. Your real estate broker can help you gather community paperwork, suggest things to inquire about, and help you make an informed decision about buying real estate in 55+ communities in Salt Lake.