Factors to Consider when Looking to Buy or Build in a Subdivision

Not only have subdivisions long been a popular destination for families to purchase an existing home, in more recent years, they have also become a hot spot for new construction.  And, between the welcoming sense of community, family-friendly neighborhoods, and access to wonderful amenities, it’s no wonder why.  If you’re looking into buying or building a home in a subdivision, it’s also important to keep in mind that, with all of the wonderful attributes that come along with it, there are also some stipulations that are important to factor into your decision. 

Here are some factors to consider when looking into subdivisions for your next home:

Are you ok with a potential HOA? 

Many developed neighborhoods come along with either an HOA or some type of neighborhood association.  There are many benefits to these associations, such as access to private amenities, neighborhood parties and events, stabilized property values, and an overall well-maintained community.  However, there are also potential drawbacks depending on what you consider important.  For starters, there is almost always a monthly or annual fee attached to an HOA.  This fee goes towards the upkeep of both the neighborhood in general, as well as certain maintenance aspects for each individual home.  Also, you have to get certain landscaping and housework, such as putting up a fence or a swimming pool, approved by the board.  For any update you’re hoping to make on your home, you can assume it will need to be approved.  If you’re looking into neighborhoods that have an HOA, make sure to do your research because opting out of the association won’t be an option.  

Do you hope to have full control when it comes to the floorplan and customization of your new construction?

If you’re looking into a custom build, chances are a subdivision isn’t for you.  More often than not, there are pre-designed home options that you can choose from that dictate both your floorplan, as well as the overall aesthetic of your exterior.  Builders often choose to go this route in new subdivisions because it makes the neighborhood look more cohesive.  It is important to note, however, that these pre-designed homes come with trusted builders and already existing water and sewer taps.  When choosing land to build a custom home on, you’ll have to vet your own builder and find a property where these taps are able to be installed, financed by you, along with the possibility of a septic system, water well, and electric service lines. 

Easy access to amenities and community features tends to be more attainable. 

It’s almost a given that, with living in a subdivision, comes some kind of attractive amenity.  Whether that be a meticulously maintained walking/running path, a personal neighborhood playground, a fitness center/pool, etc., there will most likely be something appealing for your family to enjoy!  Oftentimes, you’ll also find yourself living with easy access to restaurants, a downtown area, or the school that your children will be attending.  Choosing to build a home on private land will typically require you to living further away from amenities such as these. 

Is privacy and space an important factor?

While you might be able to find a ½ to a ¾-acre lot in a subdivision, you’ll notice that homes are often closer to one another than in other types of neighborhoods, making privacy harder to come by.  If privacy is an important factor for you, then you might want to extend your search for an existing home or land for new construction, to other types of neighborhoods as well.  What’s equally important to note is many subdivisions that come with an HOA have restrictions on if, or what type, of fencing, can be put up in your backyard, regardless of safety concerns.  On the plus side, having homes less spaced out can also come with a better feeling of community, allowing you to make friends easier with both your neighbors and other families that live throughout the neighborhood!

 What’s important to remember when you’re searching for an ideal home to buy, or build, is that the location matters more than most initially think.  While you can change and remodel your home, you can’t change the location in which it’s located.  So, make sure you’re doing your homework when it comes to neighborhoods, subdivisions, and areas in which you’re thinking about buying or building!  Your perfect neighborhood, and home, in the Triangle, is out there!

Are you looking to buy or sell a home?  Get in touch with Masha, the Triangle’s leading realtor, by visiting our website and following us on Facebook!

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Masha Halpern Boutique Real Estate is your ultimate real estate resource for Chapel Hill, Durham, Carrboro, and surrounding areas. Visit my website at www.LiveLoveChapelHillDurham.com for detailed information regarding today’s real estate markets.

Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE  member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price points. Masha Halpern can be contacted for a private consultation by calling 919-951-1780 or by visiting www.LiveLoveChapelHillDurham.com.