Like-minded living for like-minded people
This active-adult cooperative will offer oodles of benefits: financial advantages similar to traditional home ownership, lower costs of entry than many condominiums or townhomes, defined appreciation schedules, and the ability for owners to form their own dynamic and meaningful community.
In a cooperative, your investment is secured with a one-time share payment—which has an annual fixed appreciation—along with a monthly carrying charge. The carrying charge covers many basic utility bills; property taxes; interior and exterior maintenance; a 40-year, fixed, HUD-insured master mortgage; required reserves for future replacements, including in-home fixtures such as appliances; insurance; and professional management by Ecumen. It is structured to offer you the financial advantages of home ownership with peace of mind in an ever-changing real estate market.
But the reasons people choose a cooperative go beyond the financial benefits. Owners especially enjoy the pleasure of living in a maintenance-free community of like-minded neighbors.