What are the disadvantages of living in gated communities?
Living inside gates means following the guidelines of the neighborhood. Some homebuyers may consider this a disadvantage, along with higher housing costs and longer commutes. Other disadvantages may include:
- Restrictive rules and regulations
If you want flexibility and control over updating your home’s exterior, a gated community with an HOA may not be a good fit. Most HOAs have strict building codes and restrictions on lawn maintenance, paint color, street parking, noise and even holiday decorations.
- Higher prices
Homes in gated communities can sell at a premium compared with similar non-gated properties. In addition, if your gated community has a homeowners association, you’re responsible for paying monthly fees for the upkeep of common areas as well as building maintenance.
- Longer drive times
Because medical facilities, schools and restaurants are likely to be outside of your gates, you might find yourself spending longer in the car to go out or run errands.
Are gated communities safer than other areas?
Studies have shown that higher security in gated communities may be a perception rather than a reality. An analysis of several communities in Florida determined that safety in gated subdivisions closely matched open communities. Not all entrance gates are alike for gated communities which may also affect security. For example, some have gates staffed with security guards; others may require a code to enter through a passkey gate.
What amenities are common in gated communities?
When you purchase a home in a gated community, you’re also buying a lifestyle. The shared amenities vary, but they may include:
- Private parks
- Dog parks
- Community clubhouses
- Exercise facilities
- Tennis courts
- Swimming pools
When it comes to finding your ideal home, there’s a lot to consider. Learn more about how to prepare for homeownership with the Guild Mortgage homebuyers loan guide.