FAQs & Helpful Links

A cooperative is an organization where the members have ownership. Our for-sale cooperative communities for those 62+ combine the benefits of home ownership with a low maintenance, community-focused lifestyle. Each member owns a share in the cooperative's master mortgage.

Applewood Pointe offers low maintenance, one-level living that makes it easy to enjoy a carefree lifestyle. Just as with a single-family home, you will have pride of ownership and build equity, while enjoying the savings that come with the economies of scale that a cooperative offers.

Each cooperative home has four unique pricing options available. Call or email us to learn more about the exact pricing for the home of your choice.

The monthly payment includes mortgage principal and interest, real estate taxes, operating expenses, lender-required reserves, as well as interior and exterior maintenance, sewer, water, gas, trash and recycling. It also covers liability insurance, legal, accounting and professional management. Fees vary by size of floor plan. Home phone, internet and cable TV are also included in the monthly payment. Members pay for their own personal contents insurance and electricity.

Your guests can stay in your home or in a guest suite. Our cooperative features a guest suite, which can be reserved and rented at a very reasonable rate (far below the cost of a hotel).

Every home has its own in-home laundry room with full-size washer and dryer. Additional features may include cabinet storage and laundry tub. No more carrying baskets to the basement!

Every home comes with an additional storage room. Depending on the home, the storage room may be located in the garage, on your floor, or on a floor above or below you.

Applewood Pointe cooperatives do not have a commercial kitchen. However, just like in your own home, you can arrange for food to be delivered.

Applewood Pointe communities are pet friendly. Please contact us for more details on our pet policy.

To date, in Minnesota, there are 15 existing and four future cooperative communities. Applewood Pointe of Westminster is our first cooperative location in Colorado.