UGANDA, Kampala | Real Muloodi News | Master-planned communities are the epitome of good and organised living, just like Mirembe Estates in Sentema, Ham Palm Villas in Akright City, Wakiso, Pearl Marina Estates on the Garuga Peninsula of Lake Victoria in Wakiso, and so many more. These residential estates often have recreation amenities like swimming pools, walking and jogging trails, clubhouses, and playgrounds. Some even have schools, restaurants, and business hubs or office buildings.
Master-planned communities are a worthwhile investment for home builders, developers, or anyone looking for a home. Here is everything else you need to know about master-planned communities.
What is a Master-Planned Community?
A master-planned community is a large-scale residential neighbourhood where every element is carefully planned, from the roads to the homes, commercial properties, and recreation amenities.
The real estate developer initially controls the community, and later passes the control to the homeowners either in phases or upon completion of the neighbourhood.
Benefits of Buying a Home in a Master-Planned Community
Aside from the fact that everything you could want would be only a few minutes away, here are other reasons to stir your heart towards master-planned communities.
Exclusive access to a variety of amenities only open to residents and their guests and the environment is most times appealing. These exclusive amenities not only help you connect with neighbours, but also enhance the quality of your life.
Residents can feel safe in an master-planned community, knowing they are protected by security measures such as 24-hour security personnel and gated entrances. Gated communities cut down on through-traffic within the community, making the streets less busy than open neighborhoods. Going for an evening walk or run is much more enjoyable if you don’t feel the need to look over your shoulder.
Thanks to the added security, you have less worry about issues like burglary. This is particularly appealing for people who travel a lot or work abroad; the house can be empty for long periods, and you will return to find it as you left it.
Master-planned communities often manage the maintenance of common areas and amenities such as fitness centers, swimming pools, footpaths, and shared garden areas, making sure these sites don’t go untended. Sometimes this can extend to individual residences. In case of a problem, say a plumbing issue, management of the community can arrange to fix it.
Why Master-Planned Communities are Great Investment Opportunities
While it might take years to establish a master-planned community fully, the investment has profit-making potential, which can come much earlier and continue for long periods.
Generally, their value cycle often goes like this;
- A developer buys thousands of acres of undeveloped land.
- They sell some land to home developers to build residential homes, or the developer builds the houses themselves. Then puts them up for sale.
- As the neighbourhood becomes populated and grows, it creates a demand for commercial and recreation properties. So the developer can build these properties on their own or sell land to commercial real estate developers.
- The presence of amenities upscales the value of the remaining land, which means it can go at much higher prices.
Master-planned communities stand out because the developer has a lot of control over the supply and demand. A master-planned community developer can more efficiently maximise the returns on their investment.
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