With Fox Hill’s cooperative model, you’re an owner — a shareholder with distinct advantages not found in other communities. You’ll have a reaWith Fox Hill’s cooperative model, you’re an owner — a shareholder with distinct advantages that include the potential for asset appreciation; having a voice in matters regarding community operations and planning; pride of ownership; and so much more. Let’s take a closer look:
Asset appreciation. When you move to Fox Hill, you purchase a share of cooperative stock and receive a lease for a specific apartment which is linked to your stock. When you leave Fox Hill, you or your estate will receive 85 percent of the selling price of your stock. This is an important distinction that gives you the opportunity to benefit from asset appreciation.
A voice in the community. As a shareholder, you’ll have a voice. Each apartment has one vote, ensuring decisions are made democratically, without respect to the size of your apartment. Specifically, at Fox Hill, shareholders have a say in key decisions including:
- Approval of the annual operating budget.
- Election of the board of directors.
- Approval of financing and contract changes that would eliminate key services.
You’ll also have the opportunity to get involved as much or as little as you’d like with a variety of resident-led committees and groups. Whether it’s managing the Village Pantry, selecting art for our walls and common spaces, participating in the activities committee or organizing food drives, there are countless ways to make a meaningful impact and connect with others.
Competitive cost of living. Fox Hill’s board — comprised of Fox Hill residents — and management are solely focused on the needs and preferences of residents. The primary goal is to provide residents with the breadth and depth of services they want. There are no outside shareholders and there is no third-party management contract that would entitle any entity to a percentage of revenues. This ensures more resources are directly invested into enhancing residents’ experiences, maintaining high-quality services, sustaining an attractive and functional campus, and keeping the cost of living highly competitive when compared to other top-tier independent senior living communities in Massachusetts.
In addition, at Fox Hill, you’ll enjoy peace of mind in knowing that, while healthcare is available on campus, you’ll only pay for what you need, when you need it. Whether it’s Support Services in your home, Assisted Living with Continuing Care or specialized Memory Care, you’ll have access to high-quality care from a team you know who also knows you.
Variety and the opportunity to customize your home. Just as you’d find when purchasing a home on the real estate market, there are a wide range of apartment layouts with additional features added by prior residents — all of which affect share prices. The price of your share will be based on the size and features of the apartment home you choose. Once you have purchased your share, you’ll have the opportunity to renovate and customize your apartment home to suit your needs and style with the prior approval of Fox Hill. Best of all, our in-house Design Center is here to guide you through the process, making it seamless and stress-free.
To learn more about Fox Hill Village’s cooperative model, talk with a member of our sales team. Call 617.420.5301 or use our contact form.