We understand how frustrating it can be to search for a home in Austin. Half the battle is learning the key terms and what they mean in regards to Texas real estate. So each week we bring you Key Term Tuesday – our way of helping you decode the industry jargon that keeps you from owning your home search.
This week’s key term Tuesday is a term that is often overlooked: Master Planned Community. Buyers usually equate it to being a subdivision, but what makes it different?
What is a Master Planned Community?
A master planned community is a residential subdivision that has an abnormal amount of recreational amenities like expansive parks, recreational centers, library, community pools, biking and jogging paths, golf courses, even a grocery store in addition to a variety of housing styles on beautifully landscaped grounds and other interior design changes you can do on houses and buildings. It is much larger in scope and scale than a typical subdivision. Some developers even seek to integrate office parks, commercial centers and business malls around residential development to capture the benefits of living close to work. They are specially designed to afford home owners convenience, enjoyment and comfort in entirely new, relatively autonomous communities controlled by a governing association.
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Our team has a combined 55+ years of experience helping home buyers understand the r. Check out our approach to Buying a Home in Austin to learn more about our team and how we work. Then, call us at (512) 827-8323 or email us at info@11OaksRealty.com to schedule a no obligation consultation.