3 Things to Consider in Master Planned Communities

3 Things to Consider in Master Planned Communities
Living in a master planned community certainly has it's advantages.

When you find yourself in the market for a new home in a master planned community, the number of homes for sale can make the process overwhelming.

While the right real estate agent can help settle some of your questions, the reality is that you, ultimately, are the one who must answer the question about which home is best for your needs.

Here are three things to consider when choosing a home in a master planned community:

1. Location is the Top Reason for Home Buyers to Move into a Master Planned Community

It may be an over-used adage, but in real estate location really is key, as Fox points out. Choose a location near:

  • Schools you like
  • Your place of employment
  • Places you enjoy visiting
  • Shopping options
  • Healthcare

Your needs will be different than other buyers, so concede them carefully and narrow down a location that will meet those needs.

2. Master Planned Community Schools Are Usually Top-notch

Schools are important for most home buyers, and not just for those that have kids.

Good schools are a resale point, driving up home values.

The good news is that all of most schools in master planned communities have high ratings, but consider whether the neighborhood school will impact the potential resale value of your home in the future, or provide the quality education your children demand right now.

3. Resale Value is Generally Higher for a Home in a Master Planned Community

While you are likely not thinking about selling your home right now, you don’t know what the future will bring.

Most people will, at some point, end up listing their master planned community homes for sale. The wise home buyer will consider the potential resale value of any piece of real estate.

Homes that outshine the neighborhood they are built in or that have strange characteristics can be harder to sell in the future. When you purchase, make sure you purchase a home that you will be able to sell, should the need arise.

Drive through at different times of day to see traffic patterns and the activities of the neighbors, and give yourself a clear understanding of what living in the community feels like.

It will only take a few trips to know if you feel “at home” in your master planned community.

What do you think?

Written by HousingMarket

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