Applewood Pointe offers carefree, low-maintenance living
When you live at Applewood Pointe, you never have to worry about shoveling snow or scraping ice off your car. You could even escape to a warmer climate for the winter months, knowing your home is safe and secure.
Applewood Pointe, a new senior cooperative for people 62-plus near Standley Lake in Westminster, offers peace of mind. “When the forecast is snow, snow, snow, you can just leave and head south to warm temperatures,” says Molly Goenner, director of sales for Applewood Pointe. “You don’t need to worry about a thing leaving your Colorado co-op unattended, as it will be safe and protected during your extended snowbird stay.”
If you decide you want to tough out the cold, the new 85-home, 10-acre Applewood Pointe campus, located at 108th Street and Wadsworth, makes it easier by providing a dedicated heated, underground parking spot.
Understand the benefits of cooperative living
When you buy into a cooperative, you have two primary costs: a share cost, which is the down payment, and monthly carrying charges, which cover all of your costs of living such as utilities, maintenance, insurance premiums and tax payments, Goenner says.
People who buy shares are called members, and membership provides many advantages of single-family ownership like home appreciation and tax breaks.
Simplify costs with cooperative living
You can secure a spot on the Applewood Pointe reservation list with a $500 refundable deposit. Then, when sales reach 60% of total homes, reservation holders will be called in by reservation number to select their new home and its location in the building.
With two-bedroom, two-bath floorplans with ample storage space, you decide whether your 1,150- to 1,890-square-foot home has a sunroom or a den.
You also 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 your new home.
Your monthly payment includes the mortgage, property tax, insurance, reserves, landscaping, interior and exterior maintenance, cable TV, Wi-Fi, and that dedicated heated parking spot. You’ll need to pay for electricity and get a contents insurance policy (H06).
Buy with confidence
Buying into a cooperative provides homeowners with a predictable, safe, and secure investment, Goenner says.
When you buy at Applewood Pointe, you can be confident that United Properties, a firm that has established more than 30 communities designed for today’s seniors, is building your new home.
The news and editorial staffs of The Denver Post had no role in this post’s preparation.
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