Why Master Planned Communities?

According to predictions, there will be changes around the world in the future that will challenge people’s way of life. These changes include:

• Much higher gasoline prices

• Greater emphasis on energy efficiency

• Environmental protection and other ecological characteristics.

• Growing scarcity of water

• A 24/7 world that will demand amenities that are open 24/7.

In order to keep up with global changes, innovations are needed, especially in the real estate industry. Understanding the future requires understanding demographics and how they influenced the market. Hence the birth of the Master Planned Community.

What is a master planned community?

A master planned community (MPC) is a large-scale, self-sufficient residential plan. It has several essential amenities that are not normally found in a regular housing subdivision. A master planned community provides the ability to work, live and play, all within walking distance. Some real estate professionals consider this type of luxury real estate development a “mixed use” development, including retail, housing and entertainment. In earlier times, clubhouses and swimming pools were at the top of homebuyer lists. Today, access to neighborhood retail services, high-quality restaurants, and healthcare is becoming the top priority according to the latest research. People want access to everything they need quickly and at reasonable prices, which is why pedestrian access to civic use areas is in high demand.

convenience

Master planned communities are designed to provide master planned convenience. In their varied housing within a community layout, the houses are designed to adapt to the lifestyle of various generations. They are created to provide both soft and hard comforts and services in the way people want them to be delivered. These upscale communities make it easy for residents to build and live comfortable lives and have more time to spend with their families. This lifestyle also enhances connectivity between neighbors and their surroundings through shared spaces created for everyone in different demographic groups to use either alone or together.

Important Aspects of Master Planned Communities

To highlight the benefits and most important aspects of master planned communities, here are some of the reasons why it matters to the home buyer.

1. Better access to important resources

As mentioned above, people today want quick and easy access from their own homes to their most important resources. However, in regular housing subdivisions, people bought all the land and built huge properties to maximize their lots, leaving no room for other amenities. In master planning communities, lots and houses are planned accordingly providing a required minimum and maximum size. That ensures there are more open spaces for building other amenities. For example, parks and play spaces are already built within the community and cannot be eliminated or replaced by any other infrastructure. In master planned communities, virtually everything a resident needs is located within the community or within short distances. This type of environment is not only good for working parents, young professionals, aspiring entrepreneurs, and retiring baby boomers, but it is also ideal for children entering and leaving school, especially.

2. Sense of community among residents

The quality of the neighbors defines a community. Not surprisingly, most of the people who live in a luxury real estate development, such as a master planned community, share a common interest that instantly creates a sense of togetherness between neighbors. As a result, residents feel safer, more serene, and more secure. Community events are organized within MPCs to provide residents with an avenue to socialize, get to know each other, and build strong connections. In addition, Master Planned Communities is based on good governance with the rules and responsibilities of each community member stated in advance. Many luxury master planning luxury communities offer different community activities depending on the area within the PUD. For example, in the upscale area, where homes start at roughly $ 850,000, you can find high-end marinas, with wet slip and dry boat storage. Some luxury developments even have their own private beach or other oceanfront home amenities in the luxury sectors. In the sections of the Planned Unit Development (PUD) where homes are in the $ 300,000 range, you can find community activities that involve fishing and pool parties.

3. Incorporated agriculture

Community-owned gardens are becoming popular in some master planned communities. MPCs work to help their residents have their own local food production, either by providing community gardens or incorporating small-scale farms.

4. Best practices for handling transportation issues

The use of multiple biking and walking trails, as well as the presence of sidewalks, are necessary characteristics of master planned communities. And, as a solution to the most frequent and current demands of the community in terms of transport, the MPCs implement several options, sometimes combined, for the transport of people such as autonomous electric vehicle systems, bus transit stops, car services. sharing, charging stations for electricity. vehicles, provide golf carts to drive within the community, or implement transportation services.

Other significant aspects

Play spaces, fitness camps, sandy driveway beaches, and co-working spaces are some of the additional amenities that can be featured in master planned communities. Health and wellness is also something that MPCs are paying special attention to as more and more people want to be healthier. The outdoors with fresh, local produce and fantastic healthcare are bringing into the community, in addition to sidewalks, walkways, multi-use trails and social hangouts. On top of all this, master planned communities have long-term increase in value that leads to a great return on investment for homeowners if they plan to sell or rent their property. Master planned communities are great for entrepreneurs too. Business opportunities tend to be plentiful as new partnership opportunities emerge with companies offering products and services desired by the new generation of consumers. For aspiring business owners, office spaces tend to be close at reasonable prices. Company workers within planned communities tend to earn above-average incomes. Many residential buyers look for the best location, easy accessibility, quality neighbors, important amenities, and valuable future developments when choosing a home. A master planned community is the realization of what was once just a dream community for many.

Condominiums

Although much of what has been mentioned may seem like a condo complex, that is not necessarily the case. Condos are planned by a developer and may have similar shared areas, but they are an entirely different type of real estate.

In some cases, you will see luxury condos inside a PUD. This is common with the new influx of mixed-use properties that are being developed. In this case, the entire planned unit development may include single-family homes, green spaces, a luxury condominium complex, commercial premises, and even offices. This new type of PUD has become very popular as it creates a level of community and leaves very little reason to have to travel outside of its development.