Developments and Developers

Developments (sometimes referred to as subdivision or deed restricted communities) are by far were most new houses are built these days. Generally speaking, deed restricted communities offer the best protection for your investment. Each development is as different as people are. They may offer swimming pools, clubhouses, golf courses, tennis courts, lakes, playgrounds, parks and other types amenities. Lot prices will differ greatly from development to development. Lot size will differ as well. Developments in more rural communities may offer lot sizes from half acre to multi acre development lots, where more urban communities are more likely to have lot sizes ranging from quarter acre to half acre lots.

Research a development you are considering very carefully. Find out what if any annual maintenance (or other) fee is charged by the community. Find out who governs the community association. Ask to see a budget report, deed restrictions, and the association’s officer’s list. You may want to call one of the officers and speak to them about the community.

Last Updated: August 06, 2005 09:55 PM