Why Invest in a Cooperative Retirement Community?

What Is a Cooperative Community?

A cooperative community (or co-op) is a business organization owned and operated by a group of individuals for their mutual benefit.

Living in a co-op comes with many perks, including financial, social, and physical benefits. When you buy into a co-op, you are not only a co-owner of the property but you also have access to a wide range of services and amenities.

What Is the Difference Between a Co-op and a Continuing Care Retirement Community?

There are several differences between a co-op and a continuing care retirement community, but the main difference is the way that they’re structured. While a co-op community is co-owned by its residents, a continuing care retirement community (or CCRC) is owned by a corporation.

In other words, at a CCRC, you’re buying the guarantee of future services, not the home or apartment itself. At a co-op, you’re also guaranteed future services but you are considered a part-owner, which means you can still get homeowner tax benefits.

Both offer typical retirement community amenities like dining, maintenance, and access to events and activities, but a co-op is more focused on independent senior living while a CCRC is more focused on supportive services like skilled nursing. We invite you to come to Sugar Hill to experience it all for yourself.

And because community members sit on the board at a co-op, you can be confident that resident priorities are always at the heart of any board decision. You’re a co-owner of the community so you get a say in how it’s run.

Cooperative Living Benefits at Sugar Hill

Overall, co-ops pack a lot of benefits into their monthly fees. At Sugar Hill, you get a return on your investment, giving you peace of mind when you choose to move into an apartment or cottage.

At Sugar Hill, every resident is a shareholder. Additionally, residents sit on the board and have a say in every decision made, meaning residents direct the course of the community.

Live Burden-Free at Sugar Hill

Sugar Hill isn’t just a place to live, it’s a way of life. When you become a part of our community, you’re joining a group of people who are excited to enter the next chapter of their lives. With a diverse neighborhood and an inclusive community, folks are given the chance to build new friendships and explore new perspectives.

But the benefits aren’t just social. You also get financial peace of mind and future security. You can expect stable fees, access to assisted living options through a partnership with Huggins Hospital, and comprehensive amenities and services while you’re living at Sugar Hill. All of that allows you to focus on something much more important: living your best life.

Your retirement is a time to enjoy life, not stress out about it. With all-inclusive fees that cover everything from maintenance to fine dining to a wide array of social and cultural programs, your retirement lifestyle is your choice, with no hassles or headaches to stand in your way. Schedule your visit today.