7 Reasons Why a Gated Community Increases Property Value
One consideration for homebuyers while determining where to reside is the property’s surroundings or residential neighborhoods around or near the property’s proximity. Neigborhood surroundings are crucial in a homebuyer’s decision-making process since they might impact the household’s privacy, security, and safety. Surrounding also has an impact on the housing market and property prices, which is why investors who buy and subsequently sell a property evaluate the property’s surroundings more carefully.
Gated communities are currently at the top of homebuyers’ lists when it comes to choosing a house since they guarantee protection and security in the property’s surrounding community. Gated communities are a form of residential community or housing estate with strictly restricted entry points for walkers, cyclists, and automobiles, and are often characterized by a closed perimeter of walls and fences. Gated communities are located everywhere, including cities, towns, and even the suburbs. When people think of gated communities, they think of expensive residential neighborhoods with high-income residents, a luxurious lifestyle, royal facilities, and exceptional specifications. However, real estate developers in the country are now establishing gated communities that offer affordable house and lot and safe neighborhoods.
Some gated communities such as masterplanned communities, microcities and country clubs have strictly controlled entrances which include a guard station with security personnel to guarantee that only residents or guests pass through the gate, while others employ an automated gate or physical barriers that require residents to swipe a key card.
Because of the urban design, social segregation, and safety features and amenities, homes in a gated community are more valuable than those in a traditional neighborhood. Some urban studies have also shown that if property owners sell their property located inside gated communities, they can easily find a buyer, especially if the property belongs to a gated community built by private developers or reputable real estate developers, as opposed to houses not located in enclosed neighborhoods.
Furthermore, many gated communities are located in an urban environment or development zone, which raises the perceived value of the property in the housing market and allows the property owner to sell it for a considerable profit.
Aside from these, the following are some more reasons why a gated community increases the value of a home or property:
One of the benefits that add value to the property located in gated residential areas is exclusivity. Living in a gated community enables residents and homebuyers to feel that they are regarded as an exclusive residential neighborhood where individuals are controlled to enter and homeowners abide by stricter restrictions than in non-gated communities.
SAFE AND SECURED
Another factor that adds value to properties in many gated communities is the safety features and amenities of these communities such as availability of security personnel to check the people coming in and out of the neighborhood and physical barriers that can only be accessed through keycards given by homeowners association . In some gated communities, residents must notify security personnel that they will have visitors, but other gated communities need the visitor to phone the homeowner in the security booth to confirm that they are permitted to visit their property. Because of the rigorous controls in gated communities, these places have low crime rates, confirming the perception that residents safety is the number one priority of this communities.
Aside from safety and security, homebuyers consider purchasing a house in a gated community because of the facilities where they can do their day-to-day activity as well as to relax and bond with their families.
Some gated communities in urban spaces and private cities have grocery and convenience stores and wet and dry markets where homeowners can buy their necessities without going outside the community. Also, most gated communities nourish majority of their residents’ social life and recreational needs by providing leisure, entertainment, and sports facilities such as yoga and fitness area, basketball courts, tennis courts, swimming pool or community pool, clubhouses, special lanes for walking, running and biking, kids parks, dog parks, party lounges, cafeterias, and even golf course in luxury gated communities. Gated communities also cater to the needs of their resident’s spiritual needs by building churches and places of worship inside the private neighborhoods. Living in a community with everything you need provides a good life style and well-being to the neighborhood and its residents.
The majority of gated enclaves are located in urban and suburban areas that are easily accessible by public roads, schools, hospitals, and malls. Properties located in such areas appraise faster compared in properties located in rural areas.
PRIVATE AND QUIET ATMOSPHERE
A gated neighborhood is usually calm, serene and safe environment, with a lovely urban design look. Landscaping is maintained and noise is regulated in this private neighborhoods, allowing residents to feel truly at peace even when living in and surrounding huge cities.
Also, the monitoring of people coming in and out of enclosed neighbourhoods does not only provide sense of safety; it gives the impression that residents are in a secluded area where they may go about their daily business without much disturbance from the outside community.
GREEN GATED COMMUNITIES
Living in the city also means being surrounded by pollutants, such as smoke-belching automobiles and restaurants, as well as people who choose to light up in public areas. Pocket parks such as kids parks and dog parks on the other hand, are available in private neighbourhoods. The presence of trees and plants in these green open areas ensures that you are inhaling clean air at all times. In fact, there are gated residential neighborhoods that encourage walking and bicycling to reducing reliance on personal cars and their related environmental effect.
HIGH PROPERTY VALUE
A combination of variables such as construction standards, architectural consistency, and exclusivity due to restricted space means that properties in gated communities are often more valuable than comparable properties in non-gated areas. While this makes houses more costly to purchase, it also makes them attractive investments because their value tends to rise over time.