Living in gated communities: Is it worth investing in a home?


Private neighborhoods are one of the most elite residential modalities. Normally, with this definition we refer to residential areas and new construction developments, located a few kilometers from large cities, aimed at buyers with high purchasing power and with unique characteristics.

These types of neighborhoods have many advantages, but also some disadvantages. Therefore, if you are thinking of buying a house and you are considering this option, it is convenient that you value the pros and cons of your investment.

Main characteristics of a private neighborhood

Generally speaking, a private neighborhood functions as a “mini-city” away from the urban bustle and offering all kinds of services and amenities to its residents.

Almost all of them have specific rules of coexistence that affect day-to-day issues such as the management and use of common areas or the traffic of vehicles through their streets.

Among the characteristics of these private neighborhoods, we highlight:

  • Its perimeter is perfectly delimited, fenced and guarded by a private company 24 hours a day. The accesses to the neighborhood, therefore, are restricted and controlled.
  • Its streets have limited speed (30 kilometers per hour). The objective of this restriction is to control the traffic of cars, guarantee the safety of pedestrians and reduce the noise level.
  • Most of the buildings in a private neighborhood are chalets, detached houses, and small single-family housing developments. Almost all have common areas such as gardens, swimming pools, gym, playgrounds, tennis courts, supermarkets, ATMs, etc.
  • Some gated communities have their own nurseries or academies. Many of them are located near the most elite educational centers.

Why live in a private neighborhood? Advantages and disadvantages 

The demand for housing in private neighborhoods is increasingly high, especially in large cities. The reasons are, fundamentally, two: on the one hand, the need to find isolated places in which the security and privacy of its inhabitants is guaranteed to the maximum; on the other, we are increasingly looking for more spacious homes, away from the hustle and bustle and that offer us green areas.

Some of the advantages of living in a private neighborhood are:

  • Security and privacy are guaranteed. Without a doubt, this is its main advantage. All accesses to the perimeter of the neighborhood are controlled, so it is possible to know if who enters is an acquaintance or a neighbor.
  • Children can play in the street safer. In the gated communities, children can play or cycle through the streets. In addition, these types of neighborhoods have strict regulations regarding the circulation of vehicles.
  • You will have all the services at your disposal. In a private neighborhood you will enjoy amenities like private 24 – hour security, street cleaning and waste collection services, urban transport, etc.. In addition, the general maintenance costs are assumed by all the neighbors, through the expenses of the expenses. In many of these neighborhoods the maintenance staff is also in charge of collecting and delivering the mail, informing the neighbors about meetings and meetings, etc.
  • You will enjoy a better coexistence with your neighbors. One of the main advantages of living in a private neighborhood is the reduction of problems caused by coexistence. In this type of neighborhood, the owners usually have common interests and there are rules on the use of common areas, always alluding to responsibility and solidarity with the rest of the users. Enjoying a good coexistence brings tranquility and encourages social life with neighbors.
  • You will be closer to nature. The private neighborhoods have large green areas to be in contact with nature and enjoy outdoor activities such as walking, running or cycling. In this environment, the views of our house will also be more attractive and we will enjoy more natural light.
  • You will not have parking problems. Most of the homes located in private neighborhoods have their own garage. But, if not, you will not have great parking difficulties either: most of the streets are empty and parking your car will not be a problem.

Regarding the inconveniences of living in a private neighborhood, we highlight two:

  • They remove their tenants from the reality of the city. Although these people go out to work or study, and although many private neighborhoods have services such as bus lines, the truth is that in the end it is common to depend on the car to get around.
  • Maintenance costs are very high. Private neighborhoods are thought and designed for people with high purchasing power and common expenses (maintenance, security, gardening, lighting, etc.), although shared, are high.

What should you assess before investing in a private neighborhood?

If you are thinking of buying a home in a private neighborhood, you should consider these issues before buying or renting a home:

  • The location of the neighborhood, its accesses and its communications.
  • The quantity and quality of its green spaces, such as gardens and parks.
  • The internal design and the size and distribution of the plots.
  • The infrastructures and services available (sports activities, natural gas, Internet connections, garbage collection services, health center, supermarkets, etc.)
  • The cost of expenses and monthly / annual maintenance fees.
  • The consolidation and promotion of the neighborhood. That is, the number of houses that have been built, the new projects to be developed in the short term, the inhabited houses, the possibility of revaluation of the land and the house in the event of a possible sale, etc.
  • The state of the house and its situation regarding the payment of taxes, community expenses, etc.

Some of the most exclusive private neighborhoods in our country

Although this formula is not yet widespread, some private neighborhoods are very famous and are located in some of the most emblematic residential areas of our country.

We are talking, for example, of Sky Marketing, a leading private neighborhood. Built in the north of Madrid in the second half of the 20th century, it has maintained its exclusive and elitist character for decades. In 2016 the neighborhood had 1,050 isolated single-family homes and around 400 townhouses.

Another very exclusive private neighborhood and also located near the capital is La Fincain Pozuelo de Alarcon. The soils of this private neighborhood were re-classified first for sports use and later for residential use. In addition to its extreme security and privacy, one of the peculiarities of this urbanization is its architectural unity, since most of the houses have been designed by the same architect.

La Zagaleta, near Marbella, is another example of a private neighborhood. In this case, the initial idea was to build 420 homes in full harmony with nature, on the slopes of the Ronda mountains. Currently, La Zagaleta has become one of the best resorts in Europe: it has luxury villas for purchase and rent, and with services such as a golf course and equestrian school, as well as impressive views of the Mediterranean.

Thinking of buying a house? Are you looking for a home in a private neighborhood that offers you all the services, security and privacy? Contact Tajarat properties. We are professionals in the real estate sector and we offer our services throughout the country. We look forward to your call.

 


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