When you choose Applewood Pointe of Westminster for your new home, you’ll have plenty of time to do everything you love best, from gardening and biking to relaxing with a glass of wine by the fire pit.
Applewood Pointe, a new senior cooperative for people 62-plus near Standley Lake, offers the chance to enjoy retirement without worrying about tuning up the lawnmower, unkinking the hoses, or wiping off the patio furniture.
Living in a new low-maintenance home makes it easy to spend all the time you want exploring the walking paths or soaking in the mountain views or enjoying lunch with friends on the patio.
If you love gardening, you can join the community’s gardening club and plant your favorites in raised garden beds.
“It’s much more enjoyable when you can garden with friends and not have to worry about hauling hoses anywhere,” says Molly Goenner, VP of sales/leasing/marketing.
What are the costs to purchase an independent senior living cooperative?
You have two primary costs when you buy into a cooperative: a share cost and monthly carrying charges. The share cost is like a down payment. The monthly carrying charges cover your living costs, including utilities, maintenance, insurance premiums, and tax payments, Goenner says.
When you buy a share, you become a member, and membership provides many advantages of single-family ownership like tax breaks and home appreciation.
Choose how much to invest
First, pay a $500 refundable deposit to secure your spot on the Applewood Pointe reservation list.
Once sales reach 60% of total homes, people come in based on their reservation numbers to select their new home and its location in the building.
With two-bedroom, two-bath floorplans with ample storage space, choose whether your 1,150- to 1,890-square-foot home has a sunroom or a den.
You choose how much to invest, from 20% with a higher monthly fee or 40%, 60% or 80% for a successively lower monthly cost. The investment is the down payment for your new home.
Your monthly payment includes the mortgage, property tax, insurance, reserves, landscaping, interior and exterior maintenance, cable TV, Wi-Fi, a dedicated heated parking spot, and so much more. You will also pay for electricity and get a contents insurance policy (H06).
“Life at Applewood Pointe is fun and easy,” Goenner says. “Cooperatives offer one of the lowest maintenance lifestyles available.”
The news and editorial staffs of The Denver Post had no role in this post’s preparation.