A master-planned
community refers to a large-scale residential plan offering a myriad of commercial
and recreational amenities, from lakes, parks, and bike paths to stores and
restaurants, golf courses, tennis courts, and playgrounds. Some neighborhoods of this type may even have
malls, schools, and office parks, clearly distinguishing them from your typical
subdivisions, explains real estate firm Investar USA.
In terms of space
covered or taken, the average master-planned community is normally sprawled
over 2,500 acres of land. It is its own
self-contained environment strategically located in an urban or suburban
area. It can be distinguished in a way
that multiple subdivisions are present and have their own unique features,
characteristics, and target market. For
example, one area can have a niche market composed of retirees.
While housing
prices and the sizes of lots may vary depending on their location within the
neighborhood, all residents of master-planned communities will have access to
the amenities. In most cases, these are
made available exclusively to residents and guests.
Nowadays,
developers of these master-planned communities are seeing how partnering with
adjacent land owners can improve sales and name recognition, explains Investar
USA. Already grand in scale, these
communities are ready for further expansion to offer more unique features
attractive amenities to prospective buyers.
All in all, the self-contained nature of master-planned communities is
in line with the rise of mixed-use development in many major cities and hubs.
Real
estate firm Investar USA has over 30 years
of experience in construction, renovation, and repositioning. For more information on the company and its
services, go to this
