If a homebuyer can live anywhere, where will they most likely choose? This is more than a rhetorical question.
Given the current economic climate, where mortgage interest rates are at record low rates and the “work from home” experiment is being implemented by large employers, this question is being answered by virtually every demographic group. Whether they are retired, empty-nesters, families with older children, multi-generational families or those couples and individuals that are just starting out, master-planned communities located near dynamic urban centers, with pristine natural environments, are attracting millions of homebuyers who can choose to live anyplace.
What makes these master-planned communities (MPCs) so popular? There are hundreds of reasons however, these four reasons stand out.
1. Superior Amenities
There is a distinct trend toward resort-like amenities in today’s MPCs and they appeal to all demographic groups. According to this real estate article , “MPCs are now designed with the homeowner in mind. Developers know what kind of amenities are desirable in a neighborhood and they provide them.
“Beyond parks and country club memberships, MPCs offer amenities such as pools, golf courses, interest clubs, community events, gym memberships, water parks, hike and bike trails and much more. Each community offers different amenities, but regardless of which MPC you choose, there will be a variety to choose from.”
2. Well Managed
Day-to-day, life in MPCs is virtually hassle-free because the maintenance is organized. There is a property manager who ensures that all repairs are done on a timely basis, that the property is immaculately clean and that everything is running smoothly. This low maintenance advantage of these communities is particularly important to residents during the pandemic. This management is further enhanced by the homeowners’ association (HOA), which sets the rules for neighborhood appearance.
3. Convenience
Developers of successful MPCs meticulously research all of the factors that are important to future homebuyers. For young families, exemplary schools are critical to any homebuying decision. Easy access to healthcare is important for all families and especially those who have retired. Convenient access to shopping, entertainment, employment and myriad other services that are needed daily are all included in the planning of an MPC.
4. Safety, Security and a Sense of Community
Because they are removed from industrial development and the noise of large cities, MPCs are quieter and more serene than many homes located in the city center or sprawling suburbs. Many also have on-location security patrols which greatly enhance safety of all residents. Plus, planned activities, seasonal celebrations and the camaraderie of these tight-knit enclaves give the homeowners a greater sense of community. Research has shown that this final factor is particularly important to younger families who might be moving from more sterile environments such as apartments or condos.
Do You Have Questions About Investing in Master-Planned Communities?
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