VILLAGE COOPERATIVE: A New Home Ownership Option for Active Adults (62+) is Coming to Fargo

community. When people decide to live here, they’re not only wanting to get rid of the oversized house that doesn’t live comfortably any longer, but also to live better, to have closer ties to their neighbors and families, and to have the little luxuries they deserve.

When Real Estate Equities Development looks to develop a new Village Cooperative housing community for active adults, they carefully select the area using a whole host of data points. But these communities don’t serve data points, they serve real people. That’s why they are so excited about their new Fargo, ND community that is now being planned for construction.

What is a senior cooperative?

This home ownership option lives very different from a single-family home, townhouse, condo or assisted living

The Village Cooperative of Fargo offers a unique building design, management style and ownership structure. There are two primary costs associated with cooperative living: the equity share purchase, which is a one-time payment based on the size of your home and is a fraction of the price of a patio- or ranch-style home in the area; and the monthly fee for operating expenses. The value of the equity share will increase in a predictable way, appreciating at 3% for every year that members live at the Village Cooperative. Upon resale, members receive their entire original share purchase plus all of their equity appreciation.

While it’s not a new concept, it is new to Fargo. In fact, senior housing cooperatives have been around for over 40 years, primarily found throughout the Midwest. The communities are specifically designed for active adults.

Contact Kerry Berg today (701) 997-2900 to attend an upcoming free informational seminar and get more details about this exciting (62+) community. For more info, visit VillageCooperative.com