Verrado is a master-planned residential community in Buckeye, Arizona, about 24 miles west of the center of Phoenix. This is the largest suburban neighborhood in Metropolitan Phoenix to use the New Urbanism idea. All these are only a few reasons that make a master-planned community like Verrado an excellent investment option.
When you buy one of the many Homes for sale in Victory at Verrado master-planned community, you get more than just a property. The parks, pools, golf courses, and other common areas are kept well-maintained by the managers of these communities to ensure that residents feel that they have an excellent place to live. Thousands of people have invested in master-planned communities because it helps them improve the quality of their lives.
What Are The Advantages of Investing In A Master-Planned Community?
Master-planned communities are a popular way to invest in real estate. These spaces are typically gated communities that offer residents a variety of amenities and services.
Master-planned communities have become popular investment vehicles because they offer investors the opportunity to live in an upscale neighborhood while also profiting from their property’s rental income.
The advantages of investing in master-planned communities include the following:
- Low Maintenance Costs: The developer is responsible for maintaining common areas within the development and some infrastructure, such as roads and utilities. This means you don’t have to worry about lawn maintenance or fixing broken pipes if you own a condo or townhome.
- Rental Income: Since most master planned developments include rental units, there is usually an active rental market and plenty of tenants looking for places to live. This means you can receive a steady income from your investment without maintaining the property yourself.
- Private Security: Many master-planned communities provide private security services, including 24/7 monitoring and patrols by officers equipped with police-grade weapons.
- Centralized Amenities: A key selling point for many master planned communities is their centralized amenity package, which includes things like pools, tennis courts, and fitness centers that all residents of the community share — regardless of whether they own homes directly onsite or rent apartments elsewhere within the site’s boundaries. This means you don’t have to worry about maintaining your own yard or paying extra fees.
- Aesthetically Planned Spaces: A master-planned community is usually located on land that has been surveyed and subdivided into lots that fit together well and provide good views from each lot. This ensures a picture-perfect aesthetic for all the Homes for sale in Victory at Verrado style master-planned community.
- Low Crime Rate: Master-planned communities usually have lower crime rates than other neighborhoods because they are designed with safety in mind. There are generally fewer blind spots and more surveillance cameras installed throughout the community than in other neighborhoods.
There are many reasons to consider investing in a master-planned community. They offer a whole host of benefits that help both homeowners and developers. It’s rather difficult to single out every one of them. But with the points outlined above, hopefully, you have a better idea of what goes into it for both parties and why investing in master-planned communities makes sense for so many real estate investors today.