Imagine moving into a new, luxurious, single-level home with scenic views where you’ll never have to worry about shoveling snow, cleaning gutters, or even changing a light bulb ever again.
That may sound too good to be true, but Applewood Pointe, a new senior cooperative near Standley Lake in Westminster, offers low-maintenance living and more.
“When you become a member of an independent senior cooperative, you’re becoming part of a rich, member-run community that provides rewarding social interactions, low maintenance and easy living,” says Molly Goenner, director of sales.
Whatap an independent senior cooperative? Applewood Pointe offers people aged 62-plus an ownership opportunity that provides home appreciation and tax breaks, similar to the advantages of single-family homeownership, plus a predictable return on the membership investment. You just need to buy a share of the 40-year blanket mortgage that is already in place for the entire building.
Cooperatives let you make a lower up-front down payment and stay in your house while your new single-level home is under construction.
Still unsure? Check out seven reasons why an independent senior cooperative might be the right choice for you.
Location, location, location
Applewood Pointe in Westminster provides the chance to live in a premier Colorado setting with beautiful views of the Front Range.
The 10-acre campus, located at 108th Street and Wadsworth, is near shopping, entertainment, parks, and trails. The new development will include 88 new homes.
Owner control
Cooperative living means joint ownership of a housing development by those who live in it, giving members democratic control.
Residents can also choose to create and join committees that provide social interaction opportunities, such as a gardening club, woodworking, book clubs and more.
Community connections
Applewood Pointe cooperatives include shared spaces and amenities like great rooms, fitness rooms, and beautifully-landscaped outdoor spaces designed to encourage interactions among residents.
Applewood Pointe knows that creating a community and building connections are crucial for good health.
“Watching the relationships form is the most beautiful part of cooperative living. It just happens and itap magical,” Goenner says.
Luxury finishes
Applewood Pointe offers two-bedroom, two-bath floor plans with plenty of storage space. You can decide whether your 1,150- to 1,890-square-foot home has a sunroom or a deck.
You’ll also get to choose from a selection of premium design finishes, including granite, stainless, and hard-surface flooring, to put your stamp on your new home.
“When you purchase with Applewood Pointe, you can be confident you’ll have a home you’ll be proud to show family and friends,” Goenner says.
Carefree living
Don’t waste another minute worrying about cleaning gutters, replacing drafty windows, or repairing a leaky roof.
When you move to a cooperative, you leave indoor and outdoor maintenance to the experts.
Simplify costs
You can secure a spot on the reservation list for a $500 refundable deposit. Then, when sales reach 60% of total homes, reservation holders will be called in reservation number order to select their home and its location in the building.
When you select your floorplan, you decide how much to invest, from 20% with a higher monthly fee or 40%, 60%, or 80% for a successively lower monthly payment. This investment serves as the down payment for the purchase of your new home.
Your monthly payment includes the mortgage, property tax, insurance, reserves, landscaping, interior and exterior maintenance, property tax, cable TV, Wi-Fi, and a dedicated heated parking spot. You’ll need to pay for electricity for your own home and get a contents insurance policy (H06) for your home.
Buying into a cooperative provides homeowners with a predictable, safe, and secure investment, Goenner says.
Buy with confidence
You can be assured that your new home is being developed by United Properties, a firm with more than 100 years of experience that has established more than 30 communities designed for today’s seniors.
Although United Properties doesn’t have a Colorado location yet, prospective buyers can schedule an appointment with a Minnesota sales manager to tour one of 16 established cooperatives in Minnesota.
The news and editorial staffs of The Denver Post had no role in this postap preparation.
