Pros and Cons of Gated Communities
Pros and Cons of Gated Communities
When you think of a gated community, what comes to mind? Probably things like safety, security, exclusivity, expensive homes, and more. But what else lies behind those gates?
Privacy and Security
Gated communities provide a lot of benefits to the residents that live within them.
The number one reason people choose to live in gated communities is likely the security element.Because gated communities are private, they are more difficult to access than a standard community.
Criminal activity is reduced in gated communities, and solicitors will have a more difficult (if not impossible) time bothering residents. In fact, the only solicitors you’ll probably get will be neighborhood kids trying to sell you magazines and girl scout cookies.
Traffic Free
Traffic and speeding cars are also reduced behind the gates, making it quieter and safer for children to play and ride bicycles within these neighborhoods. You likely won’t have the morning commute using your street as a shortcut either, as much as they may want to.
Another positive aspect of gated communities is a higher standard of home quality, and stricter building codes that promote uniformity in design. That means more comparable sales and better value for all the homeowners within the community.
Homeowners in these neighborhoods also generally have a higher pride of ownership, and keep their homes in good condition. Along with that, gated communities create a scarcity effect, with few homes within these neighborhoods typically available for sale at the same time, adding more bite to the value.
There may also be social benefits, such as a community center or events that promote group activities for families to get to know each other.
Expensive Home Prices and HOAs?
Let’s talk about the downsides of gated communities, shall we.
For one, or I suppose two, gated communities often come with high asking prices and costly HOA fees to pay for things such
When you think of a gated community, what comes to mind? Probably things like safety, security, exclusivity, expensive homes, and more. But what else lies behind those gates?
Privacy and Security
Gated communities provide a lot of benefits to the residents that live within them.
The number one reason people choose to live in gated communities is likely the security element.Because gated communities are private, they are more difficult to access than a standard community.
Criminal activity is reduced in gated communities, and solicitors will have a more difficult (if not impossible) time bothering residents. In fact, the only solicitors you’ll probably get will be neighborhood kids trying to sell you magazines and girl scout cookies.
Traffic Free
Traffic and speeding cars are also reduced behind the gates, making it quieter and safer for children to play and ride bicycles within these neighborhoods. You likely won’t have the morning commute using your street as a shortcut either, as much as they may want to.
Another positive aspect of gated communities is a higher standard of home quality, and stricter building codes that promote uniformity in design. That means more comparable sales and better value for all the homeowners within the community.
Homeowners in these neighborhoods also generally have a higher pride of ownership, and keep their homes in good condition. Along with that, gated communities create a scarcity effect, with few homes within these neighborhoods typically available for sale at the same time, adding more bite to the value.
There may also be social benefits, such as a community center or events that promote group activities for families to get to know each other.
Expensive Home Prices and HOAs?
Let’s talk about the downsides of gated communities, shall we.
For one, or I suppose two, gated communities often come with high asking prices and costly HOA fees to pay for things such