Gated Communities
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.
Pros of a gated community:
- 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.
- 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 sales comparables 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.
- 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.
Cons of gated communities?
- Gated communities often come with high asking prices and costly HOA fees to pay for things such gate guards, private security, roads and maintenance.
- Most roads are deemed private, and you may have to foot the bill to fix those potholes or repave a bumpy road.
- As far as security goes, the safety of gated communities is dependent upon the quality of the system in place, as well as the surrounding areas.
- There’s a good chance the community won’t be patrolled by a sheriff unless the HOA approves such action.
