Pro: Nearby amenities and services; Self-contained, convenient, MPCs make it easy to “be green” by enabling residents to walk or bike to the supermarket, work, school, gym, medical … In essence, residents have everything they need just steps, a quick bike ride or golf cart ride away. A planned community may be a great living option for you. All wiring and utilities have been placed underground since around 1990. The Westchase Community Association in Tampa, a master-planned, deed-restricted community of about 3,500 homes over 2,000 acres, has an approved exterior paint color palette that lists Sherwin-Williams paint names and reference numbers for accuracy, although residents can use any brand that matches these colors. Some planned communities take it a step further and incorporate commercial areas that include grocery stores, parks and restaurants within walking distance of everyone in the neighborhood. Planned communities with an HOA can have golf courses, tennis courts, clubhouses, playgrounds, and even private lakes for fishing and recreation. Interviews with residents brought to light a high degree of satisfaction: “MPCs continue to thrive based on buyers’ belief that MPCs are the best places to invest and live, enabling MPCs to maintain their strong market share from 2012, despite increased competition from a larger number of builder subdivisions.”. Refinance. Owner Occupied. 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. Below is a list of some pros and cons: Pros of living in an HOA Community. Let’s look at few pros and cons. pros/cons of buying into new subdivision My wife and I might be interested in buying a home in a new master planned community in the DFW area. The HOA would ensure strict compliance to every rule in the book. Planned communities are exactly what the name implies – cities, towns, or communities that, from inception, are carefully planned out in every way, shape, and form. Another MPC hallmark is a design model that promotes self-sufficiency. There are many benefits of living in a Master Planned community. There are many pros and cons of living in a homeowner and condo association community. From the iconic Levittown in New York to Playa Vista in Los Angeles, planned communities feature both benefits and drawbacks. Planned neighborhoods provide a wide array of real estate options together with exceptional features, leisure, open area, and property owner assistance services. A planned unit development, or PUD, has a special zoning classification that allows construction techniques that wouldn't be permitted elsewhere. In particular: a) Pros of planned communities. Their very names conjure up far more than visions of mere neighborhoods. What attracted me to this area are some of the key selling points of any master planned community. The Pros and Cons of Amenities within Master Planned Communities November 21, 2019 // by Mia Zozobrado Leave a Comment Not all MPCs are made equal; if you’re torn between multiple options, look at the offered amenities to help you make your decision. So what is the difference between an amenity-filled subdivision and a true master planned community (MPC)? Others cater to lifestyle choices or stages, i.e., young families, single professionals, 55+, and so on. There are two major school districts in the Chandler Area, Mesa School District and Gilbert School District. It is not only important to plan but it is essential to ensure that everything that is planned goes according to plan. The key lies in finding a builder who offers the things close to your heart. In their report for the 2013 findings, it was announced that, “Home sales at the nation’s top master-planned communities continued increasing in 2013 to the highest levels since 2007.”, In fact, the report discovered that sales among the country’s top choice MPCs was 6 percent higher in 2013 compared to 2012. Planned unit developments are residential communities that include both private residences and shared public space. ¹FICO: 740. Recreational facilities are often a part of an active adult community. 2. The homeowners association pays for common areas like swimming pools, spas, tennis courts, parks, private roads, sidewalks and clubhouses. This could get on your nerves but there is no respite as they would generally stand by what is written down. All rights reserved. Your eLEND mortgage consultant can help you explore mortgage interest rate options for different programs, find the lowest mortgage rates for the mortgage of your choice, and help you decide when it makes sense to refinance a home. There are some advantages and disadvantages and disadvantages that are associated with planning as listed below. The idea is to offer residents everything they need in the way of housing, educational, commercial, office, civic, health care and recreational facilities. For more information, please visit www.nmlsconsumeraccess.org. Self-contained, convenient, MPCs make it easy to “be green” by enabling residents to walk or bike to the supermarket, work, school, gym, medical facilities, entertainment, dining, and recreational venues. Furthermore, some master plans are less detailed than others, and in some cases, a vision or concept may be adequate, or more desirable. 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