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.
Financial Benefits of a Co-op
In addition to top quality apartments and cottages, buying into a co-op opens the door to a whole host of financial benefits. Those benefits include:
92% of the value of your Sugar Hill apartment or cottage at will be returned upon resale
Property frequently appreciates in value
Sugar Hill markets your residence for resale at no cost to you
As a shareholder, you make decisions about community priorities and costs
If you’d like, the association will pay your bills, so you don’t have to worry about missing a payment
A co-op is perfect for people interested in carefree retirement living. The active lifestyle of the Sugar Hill community and the wide range of social events attracts energetic and socially engaged co-op members. It’s the perfect mix for a friendly, involved community.
Life at a co-op means all the benefits of homeownership without any of the headaches. When you live in a Sugar Hill apartment or cottage, you can enjoy the following physical benefits:
Safety from crime
Snow and ice removal
Numerous common areas such as a meditation room, coffee shop, wellness center, multimedia room, and more.
Another excellent physical benefit of Sugar Hill is its location. Nestled in the woods on a beautiful New England hillside, Sugar Hill is located near the scenic resort town of Wolfeboro. Wolfeboro has a thriving cultural and arts scene and offers an excellent mix of outdoor recreation and cultural activities. Our community members love taking advantage of everything Wolfeboro has to offer.
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.