Why Master Planned Communities?
According to predictions, in the future there will be changes around the world that will challenge the way people live. These changes include:
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much higher gas prices
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Greater emphasis on energy efficiency
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Environmental protection and other ecological characteristics.
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Growing scarcity of water
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A 24-7 world that will require services 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. Thus the Master Planned Community was born.
What is a Master Planned community?
A master planned community (MPC) is a large-scale, self-sufficient residential plan. It has a number of various essential amenities 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, as they include retail, housing, and entertainment. In earlier times, clubhouses and swimming pools were at the top of homebuyers’ lists. Today, access to neighborhood retail services, high-quality restaurants, and health care is becoming a top priority according to the latest research. People want access to everything they need quickly and at reasonable prices, so pedestrian access to civic use areas is in high demand.
convenience
Master Planned Communities are designed to provide master planned convenience. In its varied housing within a community design, the houses are designed to fit the lifestyle of various generations. They are created to provide soft and hard amenities and services in the way people want them delivered. These luxury 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, from different demographic groups, to use alone or together.
Important Aspects of Master Planned Communities
To highlight the most significant aspects and benefits of Master Planned Communities, listed below are some of the reasons why it is important to the homebuyer.
1. Better access to important resources
As mentioned above, people today want quick and easy access to their most important resources from their own homes. However, in regular housing subdivisions, people bought up all the land and built large estates to maximize their lots, leaving no room for other amenities. In Master Planned Communities, lots and homes are planned accordingly by providing a required minimum and maximum size. That ensures there are more open spaces for the construction of other amenities. For example, park and play spaces are already built within the community and cannot be removed or replaced by any other infrastructure. At Master Planned Communities, virtually everything a resident needs is within the community or within walking distance. Not only is this kind of environment good for working parents, young professionals, aspiring entrepreneurs, and retiring baby boomers, but it’s also great for kids going in and out of school, especially.
2. A sense of community among residents
The quality of the neighbors defines a community. Not surprisingly, most 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 among neighbors. As a result, residents feel safer, calmer and more protected. Community events are organized within the MPCs to provide residents with an avenue to socialize, meet and build strong connections. Furthermore, Master Planned Communities are founded on good governance with the rules and responsibilities of each member of the community declared in advance. Many luxury master planned communities provide different community activities depending on the area within the PUD. For example, in the luxury area, where homes start at around $850,000, you can find high-end marinas, complete with wet slips and dry storage for boats. Some luxury developments even have their own private beach or other beachfront amenities in the luxury sectors. In the sections of the Planned Unit Development (PUD) where homes are in the $300,000s, 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, whether by providing community gardens or incorporating small-scale farms.
4. Best practices for handling transportation issues
The use of multiple biking and walking paths, as well as the presence of sidewalks, are necessary features of Master Planned Communities. And, as a solution to the most frequent and current demands of the community in terms of transportation, the MPCs implement various options, sometimes combined, for the transportation of people, such as autonomous electric vehicle systems, bus stops, car-sharing services , electricity charging stations. vehicles, provide golf carts to drive within the community, or implement transportation services.
Other significant aspects
Play spaces, fitness camps, sandy 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 MPCs are paying special attention to, as more and more people want to be healthier. Great outdoors with fresh local produce and fantastic health care are things that are bringing the community along with sidewalks, walkways, multi-use trails, and social gathering places. On top of it all, Master Planned Communities has a 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 also great for entrepreneurs. Business opportunities tend to be plentiful as many 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 by at reasonable prices. Workers at businesses within planned communities tend to earn above average incomes. Many residential buyers look for the best location, easy access, quality neighbors, important amenities, and valuable future development 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 sound like a condo complex, that is not necessarily the case. Condominiums are planned by a developer and may have similar shared areas, but they are a totally different type of real estate.
In some cases, you will see luxury condominiums within a PUD. This is common with the new influx of mixed-use properties being developed. In this case, the entire Planned Unit Development may include single-family homes, green space, a luxury condominium complex, retail, and even office space. This new type of PUD has become very popular as it creates even more of a community level and leaves very little reason to travel outside of your development.
