Pros & Cons of Planned Unit Development
Planned unit developments, or PUDs, are resident communities which made to give features and conveniences not found in conventional subdivisions and are operated by an association. PUDs usually have affiliation dues to cover upkeep, amenities and usage fees. They could consist of single-family houses, condos or town houses or a mix of both. In certain PUDs, the development raises its scope to add areas. While most newer communities are PUDs, there are lots of pros and cons to them that should be carefully weighed before choosing to live in one.
Tours and Benefit
Living in a PUD may allow homeowners suitable access to restaurants, stores and other commercial buildings while remaining in the development. In addition, PUDs provide amenities which wouldn’t be possible due to cost in regular subdivisions, according to OnlineHomePreview.com. These conveniences are compensated for by association dues and are only available to homeowners in the area, therefore access to them may be simpler. Amenities include activity buildings parks, pools and exercise facilities and tennis courts. The other amenity commonly found in planned unit developments would be a gate round the community which offers security to homeowners.
Maintenance
An planned unit development benefit is that the community takes care of all frequent area maintenance. Uniform and Routine maintenance of landscaping and other common areas preserves property values and enhances the look of neighborhood and the house. Some communities maintain front and back yards house exteriors, which reduces the amount of owner upkeep required compared to houses in unit improvements, according to HGTV FrontDoor. Furthermore, this upkeep protects property values from homeowner neglect.
Restrictions
A major master planned neighborhood drawback would be that homeowners have specific guidelines pertaining to the outside of the property, parking, pet ownership and house usage things that have to be followed. While homeowners possess name to their own residence and lot, they lose freedom and liberty to change or use their properties any way they choose, according to OnlineHomePreview.com. Limits could strip away any character or personal feel .
Density
Since planned unit developments are designed to maximize use of the property, houses are often closer together compared to conventional subdivisions. A higher density of people living on smaller lots means less privacy for homeowners, according to OnlineHomePreview.com. Though this density can create a planned neighborhood safer, it may also produce the development and its own common conveniences more crowded and create more traffic.
Financial Considerations
Though association dues at a PUD can offer amenities and upkeep, they’re an added expense for homeowners. Based on the amount and what the dues cover, this is a PUD con or pro. In a planned unit development, the fees for these services are higher Sometimes than at a regular subdivision, according to HGTV FrontDoor. Failure could lead to liens late fees and foreclosure.