Are you thinking of moving into a residential community? If so, you need to be aware of both the pros and cons. On the plus side, you’ll likely have access to all sorts of amenities, such as a pool, gym, and clubhouse. You’ll also have a sense of community and be able to meet your neighbors. However, there are some drawbacks as well. The biggest one is probably the strata costs. These communities can be quite expensive, especially compared to living in a traditional neighborhood. In this blog post, we will discuss the pros and cons of residential communities so that you can make an informed decision about whether or not they are right for you!
What is a residential community?
A residential community is a large housing development that is carefully planned and organized by big name developers. The homes in these communities are usually similar in style and design, and they are built around common areas, such as parks, playgrounds, and recreation facilities. Many residential communities also have their own amenities, such as swimming pools, gyms, retail outlets and clubhouses.
However, residential communities aren’t always reserved for the likes of home buyers. Some developers have made great strides in building communities that are expressly intended for renters, in what is commonly referred to as ‘build-to-rent’. Mirvac’s rental apartments Melbourne community developments offer a good example.
The benefits of residential communities
Feeling of community
One of the best things about living in a residential community is the sense of community that it fosters. When you live in close proximity to your neighbors, you naturally get to know them better and form bonds with them. This can be great for people who are new to an area or who want to make friends.
Amenities
One of the other main benefits of living in a residential community like these Humble apartments is that you’ll have access to a wide range of amenities that you wouldn’t otherwise have. For example, most communities will have their own swimming pool, gym, and clubhouse. This can be a great way to meet your neighbors and make new friends.
Security
Another big benefit of living in a residential community is the security that it offers. These communities are usually gated and have security guards on duty 24/seven. This can give you peace of mind knowing that your home and belongings are safe when you’re not there.
The drawbacks of residential communities
Strata costs
The biggest drawback of living in a residential community is the strata costs. These are the fees that you have to pay to live in the community and use the amenities. They can be quite expensive, especially compared to living in a traditional neighborhood.
Lack of privacy
Another potential drawback of living in a residential community is the lack of privacy. When you live in close proximity to your neighbors, there is less opportunity for privacy. You may also have to deal with noise from your neighbors, which can be frustrating.
Restrictive rules
Another thing to be aware of is that these communities usually have restrictive rules. For example, you may not be allowed to park your car on the street or have a pet. This can be frustrating for people who are used to having more freedom.
