Frequently Asked Questions
What will be the return on my investment when I sell my Londonderry home?
As a shareholder in the co-op residents may recoup all of their initial investment, plus appreciation, dependent upon the market’s performance.
What happens if I get sick or need a higher level of care?
Our Coordinator of Health and Wellness Services, a registered nurse, is also available to identify the ongoing health and wellness needs of residents through regular visits and communicates with family members and/or responsible parties as needed. In addition, our nurse coordinates all professional health care services, including our partner, Bright Star Care, which delivers skilled nursing services.
How do I purchase a home at Londonderry?
Once you find the home of your dreams, there is an application to be considered for approval for future residents. A financial assessment is required to determine the feasibility of each resident to live at Londonderry. Once approved, you can make a purchase or pay $1000 to join the Priority Wait List for a future move.
How long will it take to purchase a home at Londonderry?
For prospects on Londonderry’s Priority List, the wait time will vary depending upon the current number of units for sale and their position on the wait list. As homes become available they are offered to people on the wait list in the order of their assigned position. Prospective residents are free to decline an offer and not lose their position on the list. There are a variety of units for each model which also affects availability. If a prospective resident is willing to consider a variety of models then their wait time is likely to be shorter.
Should I get on the Priority List now even if I am not ready to move?
Yes, if your dream home is not available today, by joining the Priority List you will be notified immediately when the housing option of your choice becomes available.
How are the monthly fees determined?
Londonderry operates as a not-for profit community and the annual operating costs are equitably divided by residents, based on square footage and the units they own. Any increase in fees reflects the actual cost of living and have historically been kept below 4%.
What is included in my monthly fee at Londonderry?
- Bi-weekly housekeeping
- Wellness coordination, RN on call 24/7, and 24-hour emergency call
- Utilities (except, cable TV, Internet, and telephone service)
- Real estate taxes and property insurance
- Maintenance inside/outside, landscaping, appliance repair/replacement, heating/cooling, snow removal, and trash service (3 times/week)
- Transportation on campus and 24 hour security
- YMCA membership
- Access to all common areas
- Daily management of the community
Are utilities included in my monthly fees?
All utilities are included in the monthly fee with the exception of cable TV, Internet, and telephone service.
What is a cooperative retirement community?
There are only 98 senior cooperatives in the U.S. and only two in Maryland. Cooperative senior housing is a unique option for people seeking a retirement lifestyle while maintaining control over their investment. All real property (housing and common areas) is actually owned by the corporation with a fee simple title. Membership in the corporation is achieved through the issue of a stock certificate and an Occupancy Agreement (lease). The Londonderry co-op offers the financial benefits of real estate without the burden of home maintenance. In this corporation, co-op owners also have a say in how the community is managed and operated.
How would I know if the Londonderry cooperative is financially sound?
When residents apply for approval to purchase a home at Londonderry they are given a Public Offering Statement that includes a full annual audit. Future residents are encouraged to share this document with family, financial advisors, and attorneys. The Public Offering Statement also includes all official documents, by-laws, occupancy agreement, house rules, operating budget, deeds, etc.
How does Londonderry pay for capital improvements?
When residents purchase or sell a home at Londonderry they pay a 3% transfer fee that goes into a capital improvements account. This fund enables Londonderry to handle unexpected maintenance issues as well as plan for future improvements. Historically, residents have never been asked to pay an additional assessment.
What does Londonderry’s meal plan include?
Each Londonderry resident participates in a monthly meal plan, which favors a “country club” plan. Lunch and dinner are available to residents six days a week, except on Sundays, when a Sunday brunch is offered. A la carte menu options are always available.
What type of transportation is available to Londonderry residents?
All transportation on campus is free and many residents take advantage of this for dining and activities. They are picked up at their cottage and brought to front door of the Community Center. Transportation is also offered during inclement weather. A nominal flat fee is charged for travel in the local area. Trips to outside areas (airport or Baltimore) are charged by the hour
Can I bring my pet to Londonderry?
Londonderry is pet-friendly. Residents are required, however, to abide by a noise ordinance, follow the county’s leash laws, provide for pet care during vacations, maintain their pet’s vaccines, and to be courteous to others living on the property.
How does Londonderry address the health issues of aging in place?
Londonderry on the Tred Avon’s Health & Wellness Program ensures that our residents receive high quality personal health and wellness care –with a holistic approach to aging. At Londonderry, we believe that aging in place is about our resident’s growth and development. Total wellness is key to longevity and quality of life. The wide array of programs and activities at Londonderry address the International Council on Active Aging’s seven dimensions of wellness: physical health, social health, spiritual health, intellectual health, vocational health, environmental health, and emotional health.
If Londonderry residents need a higher level of care, the Health and Wellness Program and BrightStar supports them so that they are able to remain in their own homes. Residents experience peace of mind knowing that assistance will be available as their health care and daily living needs change. The program can be tailored to short term needs, including services for post-hospital stays or illness, as well as long-term needs, such as osteoporosis, loss of eyesight, or Alzheimer’s/dementia. A registered nurse is available 24 hours a day for emergency calls through the Health and Wellness Program.
When Londonderry residents need greater health care services, there are assisted living and extended care facilities (palliative care) nearby. In addition, Easton is home to world-class healthcare facilities with the University of MD Shore Regional Health.
How does Londonderry promote fitness and wellness?
Londonderry is committed to residents maintaining wellness and an active lifestyle. Our Five Elements of Fitness program incorporates strength, cardio, balance, flexibility and coordination into every class. Specialized exercise programs at the YMCA are also available to residents. Education on health and wellness topics and issues is also provided to residents through the program, so that they have the resources to remain in their own homes at Londonderry, preserving independence, optimizing health, and maintaining quality of life.
What additional benefits does the Health and Wellness Program offer?
Benefits of the Health and Wellness Program include:
- On-duty nurse 5 days a week and nurse on call 24 hours/day, 7 days/week to address residents’ health concerns and issues
- Specialized exercise programs at the YMCA and an on-site personal trainer and Five Elements of Fitness exercise program
- On premises medical care during emergency
- Assistance with physicians’ referrals and other professionals
- Coordination of care between hospital and home
- Blood pressure monitoring
- Sick calls and assessments
- Health Education
- Annual Fall Risk Assessments, Safety Checks, and Health & Wellness Assessments for each resident – updating diagnoses, physicians’ names and emergency contacts