Sep 24 2017

Contact a Local Realtor to Learn More About the Benefits of Master Planned Communities

New homes for sale

Many individuals want to have a home of their own for obvious reasons. In 2015, for example, a survey showed that 30% of the participants purchased a home for this very reason. In order to find the right property, 42% of recent home buyers looked online. Real estate agents were the first point of contact for 14% of home buyers, however.

The Importance of Having a Nice Yard and Walkable Neighborhood

Purchasing a home with quality landscaping is important for most buyers. According to a recent survey by Harris Poll for the National Association of Landscape Professionals, spending time outside in their yard was important for 75% of the participants. While 83% of the participants think it’s important to have a yard, 90% agreed that these yards need to be well-maintained.

It’s not surprising that 63% of the survey’s participants were willing to pay more for good green spaces. Another 34% stated that they would pay more to move into an area that was close to shopping areas, and 33% would pay more for a house or apartment if it was located close to cultural venues of interest. It seems clear that these survey participants were looking for walkable neighborhoods.

The Benefits of Master Planned Communities

Contemporary homes, particularly those in master planned communities, are growing in popularity. A recent survey showed that 41% of the population either “somewhat” or “strongly prefer” moving into a newly-built home as opposed to an existing older home.

There are a variety of reasons for this, of course. According to a 2016 survey conducted by the National Association of Homebuilders, 90% of the participants indicated that Energy Star appliances were at the top of their most-wanted list as an “essential” or “desirable” feature. In other words, energy-efficiency is an important feature for these home buyers.

Most contemporary homes have an NHBC Buildmark warranty. This is 2-year insurance-backed policy that protects homeowners against any defects that may be present due to these standards not being met. Over the next 8 years, however, this warranty provides coverage against major damage. This would pertain to structural or drainage defects.

It’s also important to note that taxes are less when you purchase contemporary homes. In fact, they are significantly lower within the first 1 to 2 years when compared to the taxes for an older existing home that has the same or a similar value.

Planning to Relocate?

If you’re planning to relocate, then there are several states that may be of interest. Florida, for example, doesn’t require its residents to pay state-level individual income taxes. The other states that don’t require this are Alaska, Nevada, South Dakota, Texas, Washington, and Wyoming.

When you purchase a home in Florida and also declare that it is your primary “homestead” residence, there are other welcome benefits such as property tax exemptions. You will, for instance, receive an exemption on the first $50,000.00 of your home’s value. School district taxes, however, will provide a $25,000.00 exemption.

Contact a Local Real Estate Agent to Learn More

Since real estate agents are a valuable resource and have current local listings, they will be able to assist you with finding just the right home. Rather than spend time searching for listings online, contact a local realtor to learn more about available contemporary homes in a planned community.

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