There are a few special aspects to buying properties in 55+ communities. 55+ communities can offer unique features, amenities, and regulations. This article covers tips on buying properties in 55+ communities in Nashville.
55+ Communities and What They Are
55+ communities are age-restricted. The precise criteria depend on the individual community. Some require just one occupant be a minimum of 55 years old while others are stricter and mandate that every resident be at least 62 years of age, making it a 62+ complex. Some allow minors while others restrict them. It is important to become familiar with these and other restrictions before moving forward with a purchase.
Common Conveniences Of 55+ Communities
55+ communities are planned to provide maintenance-free living for its residents. Most include certain conveniences. Golf courses, tennis courts, swimming pools, gyms, and recreational facilities are very popular. An association is generally given responsibility for everyday maintenance of land, exterior, and shared amenities. Many will also provide recreational programs for its residents. Be sure to inquire about any dues for these.
Homes within 55+ communities ordinarily include particular features. Examples are a master bedroom on the first level, smaller yards, and energy efficient appliances. If buying new construction properties, certain features may be optional. Model homes are generally upgraded to highlight add-on amenities. It is therefore wise to get details on what is included.
Buying Properties In 55+ Communities In Nashville
Every community has something unique to offer. This is influenced by age restrictions, rules, services, property styles, location, and population. It is important to understand and weigh all of this information. Working with a real estate broker who specializes in this kind of property may make a big difference in the process. Your real estate broker can help you evaluate community paperwork, advise you on questions to ask, and help you develop an educated decision about buying properties in 55+ communities in Nashville.