COOPERATIVES PROVIDE FREEDOM FROM HOME MAINTENANCE

Rest assured, home maintenance responsibilities are taken care of at Riverside Crossing. All repairs inside the home you have selected as well as the entire building, including service calls, lawn care, and snow removal are handled for you and included in the monthly fee. You have the assurance of knowing your home is secure, and with heated underground parking, you never have to battle the weather. Also, you can leave for a weekend, or the entire winter, secure in the knowledge that your home will be taken care of through our “While You’re Away” vacation service.

 

From an article written by Dennis Johnson of the Senior Cooperative Foundation,
published in the Northfield News 1/10/09:

The market for single-family homes has recently been characterized by declining market values. In contrast, the value of a membership share in a cooperative appreciates at a fixed amount of 1–2 percent per year. Co-ops have experienced none of the ups and downs that impact single-family home values. True, it does not appreciate similar to increasing market values of single-family homes, but it also does not experience the value declines. In the 30 years since the first senior housing cooperative was created, member shares have steadily — and reasonably — increased in value. Shares that are offered for sale normally sell quickly because cooperatives have waiting lists of potential buyers. Some members compare co-ops shares with certificates of deposit: modest return with little risk.

 

The number of older people is growing rapidly — a trend that will continue for the next 30 years. In the United States, over 85 percent of households over 55 own their own homes, and it is clear that many of them want to continue to be owners — not renters — in the future. That means we are at the beginning of a rapidly expanding growth in demand for homes designed for ownership by older adults.

 

Senior housing cooperatives have already proven themselves as the “option of choice” for Minnesota seniors.

 

By becoming a member in a senior housing cooperative, in addition to a place to live, you are buying into a lifestyle — an enlivened community for independent living. One of the most common responses I get from senior housing cooperative owners is, “I should have done this years ago.”