Have you ever considered moving into a gated community? Gated communities have many advantages such as safety, security, exclusivity, group amenities, and more. It costs a little more to live in a gated community, but people who live in them think it is worth it. What are the requirements to be accepted into a gated community? What obligations do gated community residents have?
Why Move into a Gated Community?
Gated communities offer well-planned neighbourhoods where every house meets certain standards for design and landscaping. There is a security wall or fence around the neighbourhood with a security gate for entry. These security gates are usually manned. Planned communities often offer shared amenities such as clubhouses, swimming pools, tennis courts, nature parks, marinas, and more. Residents enjoy feeling at home in their planned community.
Smart homes, fast WIFI, sports facilities, and community events are a few of the advantages of gated communities. Lush landscaping, dog parks, and miles of walking paths attract residents. Gated communities are well-maintained because HOA fees are charged for common area maintenance and residents must agree to HOA rules and restrictions.
What Are the Requirements To Move Into a Gated Community?
Gated communities may restrict the age of new residents to 55 years old and up. This is an advantage to people who don’t want to deal with young children, teenagers, and the noise and other problems associated with young families. Some people enjoy living in a mix of ages, races, and income levels. Other people want to live in a quiet community with others of similar ages and values.
Gated communities have a long list of rules that must be followed for the good of the community. These rules can dictate the colour of homes, the number of house guests, whether and for how long a person can rent their house, and more. The rules might limit the pets a person can own or the plants they can have in their yard. They may even restrict a person’s leaving a garage door open.
There are additional costs on top of the price of the house to be purchased. There may be monthly dues and maintenance costs that can stay the same or go up when a major maintenance project is planned. No one wants to be surprised by unplanned assessments. The new planned community homeowner should have enough funds set aside to cover these costs. Check on HOA dues before purchasing a home.
Though the fences, walls, and gates offer a certain amount of safety, there are still some crime risks. There may be a neighbourhood watch group asking for volunteers to patrol the community. Home security systems may be recommended.
Is A Gated Community Right for You?
Before moving to a gated community there are some things to consider. Be sure about the gated community restrictions and rules before you move.
The American Real Estate Society states that the average home in a gated community costs $30,000 more than its counterpart in a non-gated community. Families with limited budgets may not be able to pay that much extra to take advantage of a gated community. On the positive side, these homes will be worth more when it is time to sell. The property values of homes in gated communities increase.
A family or couple’s values and lifestyle preferences might not be compatible with the restrictions placed on residents of gated communities. It is important to read the HOA regulations carefully to make sure you can live with them. If one gated community has overly strict HOA regulations, look for a different one.
Are Gated Communities Too Homogeneous?
Gated Communities may seem too homogeneous, with too little variety and too little room to grow. Safety and security may mean less privacy and personal control. Some couples love the neighbourhood uniformity and do not mind the restrictions, others might feel stifled and overly limited.
On the positive side, if a person wants a home that retains or gains value over time and is easy to sell, a gated community might be a good choice for them. These neighbourhoods have reliable comps for Realtors. There is a scarcity effect because fewer homes will be for sale at any given time. So, if a family wants to move to the community, they will have to pay more for available homes.
A gated community restricts access to registered homeowners and their invited guests. This frees residents from dealing with solicitors. Some gated communities have an automated gate with a keypad, and others have gates manned by guards. The guard is more expensive but provides greater security.
That security gate can also limit the speed with which residents can access their neighbourhood. At certain times of the day, cars may be lined up waiting to be cleared by the guardhouse. Your guests may be limited to certain hours of access, and they need to be on your list of approved visitors. If you need workers or contractors for home repairs, they will have limited access and restricted hours.
Gated communities are safer for pedestrians because the gates limit traffic and speeding cars. There will be no through traffic to worry about. This means a quieter community with no loud engines, horns, or other commuter traffic noises.
Gated Communities Have Rules for Well-kept Yards
In a gated community, people won’t need to worry about neighbours with poorly maintained yards or weird yard displays. You won’t be subjected to megawatt Christmas light displays or old cars up on blocks. Loud music and wild parties will not be issues. HOA restrictions protect everyone.
Gated communities often offer social advantages with community activities and a community centre where residents can meet new friends. When you move into a gated community, you know what to expect for activities and rules of conduct.
One last consideration is the location of the gated community. Planned communities may be located farther away from shopping, businesses, and services. This will make your commute to work or shopping longer. When looking for the perfect gated community to purchase a home, consider the location and commute time to schools, medical facilities, shopping, and work.