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Economy, Shmeconomy!

What do you do when you’re ready for truly carefree homeownership, but the economy won’t cooperate? Quarry Hill offers a variety of options that may allow you to begin enjoying the benefits of owning one of our beautiful, maintenance-free homes, even if you’re not currently in a position to make a purchase.

Conventional Renting*

Not ready to consider a purchase? Then you’ll be pleased to know that you may be able to rent one of our beautiful cottage homes. You’d sign agreements with Quarry Hill and the owner of the cottage; then occupy the home, for the specified term, as subtenant. As a renter, you’d enjoy all the rights and privileges of any Quarry Hill cottage resident, including repairs and maintenance, snow and trash removal, grounds maintenance, priority access to our full continuum of care, and more.

Rent to Own*

Here’s a golden opportunity for those who have a home to sell or who otherwise have assets not readily available to make a purchase now. Under this arrangement, you enter into a purchase-and-sale agreement for the cottage you’ve chosen**, secured by a deposit. You then move into the home as subtenant, enjoying all the rights and privileges of any Quarry Hill resident. A portion of your monthly rental payments is credited toward your eventual purchase of the home.

Own to Rent

With this option, you can purchase a cottage now, then rent it out** until you’re ready to move.

Here’s how it works: You, the purchaser, set the monthly rental fee in agreement with NEH Management, the entity that oversees the cottages. Quarry Hill serves as your rental agent—and we do all the work for you:

  • We find a suitable tenant.
  • We serve as your tenant’s point-of-contact.
  • We collect the monthly rent, see that your monthly fee is paid out of that amount, and return any overage to you.

Learn more about cottage living at Quarry Hill and take a look at our current opportunities. When you see something you like (or if you’d like to inquire about other options), call us at 207-921-6116 or send an email. And be sure to visit our Cottage Cash page for exciting offers both you and your wallet will love.

*Option available only for selected cottages
**For a period of up to two years

Cottage Cash…The Cherry on Top