In 2019, first-time homeowners made up 42% of buyers, and this number has been steadily rising. As a first-time homebuyer, it can be difficult to know what options are best for you and your family. However, new subdivisions are becoming popular choices among both first-time and veteran home buyers. Buying a home in a subdivision can have many benefits, although there are some things to consider before rushing into a purchase.
If your family is looking at homes for sale, here’s what you need to know about subdivision living so that you can determine if the option is right for you.
1. Home Owners Association
Many subdivisions have a homeowners association — or HOA — that is responsible for overseeing the maintenance of the area. An HOA both establishes and enforces neighborhood rules, ensuring that all homeowners are held to the same standards. While there is a fee usually associated with living in a place maintained by an HOA, they can offer many benefits that homeowners should consider.
For instance, an HOA is responsible for maintaining the appearance, trash removal, and snow removal in your community. This is often done with a much higher standard than what you would find in a standard town or city. Because of this, property values are often boosted leading to a more prosperous neighborhood. Furthermore, when living in a new subdivision with an HOA, you will have the option to run for a position on their committee if you find that the current rules are not to your liking.
2. New Construction Homes
New subdivisions also feature new construction homes which can also be a huge benefit to both first-time and veteran home buyers. While Some people prefer the appearance of older homes, new construction homes can offer security and the knowledge that you are the first person to own the property. While this may sound like a small detail, being the first owner of a newly constructed home allows you to forgo any surprise repairs or renovations that could be found in older homes when you buy them. New construction homes won’t need repairs or updates for years, if not decades, allowing you to get the most enjoyment out of your new home without worry.
Similarly, many subdivisions feature the ability to build on your lot allowing you to not only purchase a newly constructed home but build the home that you want. This capacity for customization is something that many homebuyers appreciate, and it can provide much more flexibility when trying to find the perfect house.
Subdivisions can also offer a lot of privacy, and some feature large properties that can grant you a lot of outdoor space to enjoy. While most people think subdivisions only contain homes that are situated closely together, the opposite is true in many locations. This allows you to retain a lot of privacy while still having neighbors nearby.
Speaking of neighbors, subdivisions often feature a great sense of community, and they can foster close relationships with neighbors, creating a great space for families. Similarly, many subdivisions are created with amenities in mind granting you easy access to recreational activities, shopping, entertainment, and dining. Having easy access to these locations can give you a good way to get out and bond with your new neighbors and cultivate new lasting friendships. This sense of community is a big benefit that many home buyers are attracted to.
If you are a home buyer interested in finding new construction homes in locations designed for family and community, subdivision living is something to seriously consider. Not only can you have the benefit of living in a new home but you will have access to regular maintenance and activities. This makes subdivisions great for both older home buyers and buyers with children.
To learn more about subdivision options near Houston, contact Stone Meadow Homes today for more information on newly constructed homes and building opportunities.