Experts explain the potential pros and cons of a master-planned community.
Now, master-planned communities have joined the housing options.
Master-planned communities offer a massive array of amenities, all within blocks of your home.
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This development is planned and built by a development team that curates it to be functionally and aesthetically attractive.
Well take a look at what a master-planned community includes and whether its right for your lifestyle.
Therange of amenitiesis vast, and each community is different.
Other popular styles are communities for residents over 55 or sports-related communities for tennis or golf, Toth adds.
The developer usually plans the community with varying home designs, providing a lot of great options for buyers.
We see a lot of families andretireesgravitate to these communities for that very reason, Toth says.
The ability tosocialize and gather with other residents.
Some master-planned communities may offer activities as well, such as movies in the park.
Fees are levied to maintain the lifestyle the community affords its members, including the shared spaces and services.
As with all HOAs, members must follow these rules and pay fees to enjoy the shared benefits.
Toth suggests talking to current residents to get a feel for the lifestyle.
Are you looking for a strong community?
Will you use the amenities?
Are you hoping to live in your home for a short while, or a long time?
Another way to assess whether a community is for you is to examine the communitys goals for growth.
