Melissa Kaspern's Blog
Thinking of buying your next home in a 55+ community? You'll likely want to know the pros and cons, and whether the restriction makes your property hard to sell or bequeath in your will. Here are the key points to know.
The Upside: Worry-Free Maintenance
These communities are designed for low-maintenance ownership. Over-55 or "active adult" communities are usually quiet and well-watched, with a good number of retirees in the mix. Maintenance staffers are there if anything breaks down.
As well as limiting the number of young people who live on the property, there might be a no-dog rule—supporting the quiet environment. Be sure the rules fit your own expectations before you start shopping in the community.
Your children can visit your condo and usually even stay for the summer. Ask for a Rules and Regulations binder so you can find out what time limits apply for your guests, and review the community standards.
But Do Consider How You'll Sell or Pass Down Your Property
Check into the rights of your family members to live on the property after the 55+ owner passes away. Your real estate agent can help you obtain this information.
A federal provision allows senior living communities to impose age restrictions, as long as they keep their 55+ population at least 80%. Particular active adult communities can require even more than 80% to be aged 55-plus. Some 55+ condo properties, but not all, will let an owner's child inherit and live in the unit. Still, that only works if the heir's presence wouldn't break the federal rule that says at least 80% of occupied units must include one or more residents aged 55+.
These communities also have minimum age rules (18 or 21 are common) for residents. If you bequeath your condo to someone with young children, that person will need to sell it after you pass away.
Note that these rules could reduce the pool of potential buyers if you later decide you'd like to sell the condo. Your realtor can tell you how fast condos in a given community tend to find buyers.
Condo Living at a Relaxed Tempo
There may be restrictions on grilling, thanks to the community insurance policy. And everything from how much space is yours to garden, to the shades of paint you'll use on your front door, will likely have to conform to rules. But then, that's a given with most condos.
In return, you'll have peace and quiet, professionally pruned shrubs, and snow-free walkways. And you'll likely have peers who share your appreciation for a relaxed style of living.
Ready to look? Call my office to tour desirable 55+ communities in your preferred price range.
Moving locally might not seem as stressful as a long-distance move, but it can still be hectic if you’re not well-prepared for it. Whether your local move is just down the street or to another part of town, make sure you start getting ready for it early. The following tips can help make your upcoming move a bit easier.
Start Sorting & Packing Early
Even though it won’t take as long to get to your new home when you move a short distance, you should still get started on sorting and packing your belongings as early as you can. Waiting to begin may mean you’ll feel rushed and opt to skip the sorting process. Instead of donating or tossing items in order to downsize, for example, you might end up bringing everything with you to your new home. If you’ve closed on your new home and know your moving date, you can begin sorting through your household items.
Label Your Boxes
Being as organized as possible can help your local move go smoothly. As you go through your belongings and pack them up, put labels on each box or container. Your labels should let you know what’s inside and where each box or container should go. You can either write the room on the label or use color-coded labels for different rooms. Having all of your boxes and containers clearly marked makes it easy for you or your movers to know where to put them at your new home.
Switch Your Utilities
As your move gets closer, keep in mind that you’ll need to change your utilities over to your new home. Since you’re moving locally, you might not have to deal with switching to new utility companies. Instead, you might just have to contact each company to provide them with your new address and let them know when to shut off services at your current home and turn them on at your new home.
Make Multiple Trips
Since your new home isn’t far away, you should be able to make several trips back and forth instead of having to move everything in one trip. You can load up your car with smaller items and boxes for these trips, and unload them in your new residence. For larger items, such as your furniture, make plans to rent a truck or hire local movers to handle these for you. Moving into your new home a little at a time through multiple trips helps make your actual moving day less stressful overall.
More Info on this Property | New Listing Alerts
10 Nicholas Rd, Hopkinton, MA 01748
When you’re searching for a home to buy, you’ll probably attend many different open houses. The open house is meant to help you get a feel for different properties. While you can’t get to know all the ins and outs of a home in a short time, you can get an understanding of some of the best things (and not so great things) about a property. Below, you’ll find some of the biggest warning signs that a property may not be all that it appears to be.
There’s A Lot Of Odor Masking Elements In Place
When you walk into an open house, you may get the smell of freshly baked cookies or a lovely candle. While these are great marketing techniques, they also can be a tactic to hide things. Perhaps there are some offensive odors in the house from mold, leaks, smoke, or mildew. You may not be prepared to deal with these kinds of problems once you move into a home.
You Notice Glaring Issues
While the home inspection will reveal many problems that may be invisible to the casual observer, you should still be on the lookout for issues on the surface of the home during the open house. These issues can include cracks in the ceiling or walls, cracks in the floor, or even squeaky floor boards. If you happen to see patchy walls in the home, that could indicate that repairs have been made several times. Be alert for these potential problems.
Does The Home Look Well-Kept?
When you pull up in front of the home is the lawn trim? Does the home appear clean? While everyone would hope that a homeowner would clean up their property before an open house, small and big things like this can indicate a bigger problem. If the home is not cared for on the surface, how many other underlying maintenance issues are there in the home? Neglected regular maintenance can cause larger problems of all kinds in a home.
Strange Cosmetic Fixes
A freshly painted wall could be suspect of a big problem. Under the paint could be mold, cracks, or other issues. Some homeowners do put fresh paint on their walls before selling in order to give the home a neutral feel. However, you should be on the lookout for other signs of problems in the home.
Channel Your Inner Detective
While you don’t need to dig as deep into a home as a home inspector does, you should be on the lookout as you scan a home for the potential livability for you. Things like glaring cracks in the ceiling, or a strong odor of cigarette smoke could be signs of future problems living in the home. The open house is your time to find a home that fits you and your life, so make the most of the opportunity.