Are you also one among those million people who dream about buying their own house in a gated community? Are you also attracted to the luxury and benefits that a gated community provides? What’s stopping you then? Are they the most common myths spread amongst people around you about the gated communities? If your answer is yes, then you have landed on the right page. Go on and read about the most common myths about gated communities along with the true facts.
A gated community is a form of a housing estate or residential community that is guarded and enclosed within walls or fences. If you are someone who fancies having a quiet life while still having access to all the modern facilities, then living in a gated community could be the right choice for you. The private community as such has its benefits, which make it a desirable choice of residence.
So, to strengthen your belief in buying a property in gated communities, let’s talk about the common myths and facts about gated communities!
Myth 1: Congestion
The first and foremost myth about the gated communities is the thought among people that gated communities are congested. People feel that gated communities are extremely crowded, with lots of people at every nook and corner. People perceive that the builders leave very little open spaces, as they want to derive the maximum profit from that area.
Fact 1: Gated Communities are built with 60-80% of open spaces
The reality, however, is completely contradicting the myth. The premium designers aim for a minimum of 60% open spaces with the motive of creating a peaceful, traffic-free and sun-kissed life for the people residing in the communities.
Myth 2: High Maintenance Costs
The second myth among the people about gated communities is that if they want to avail of all the benefits of the gated communities, they would have to render a huge sum as the maintenance cost.
Fact 2: The maintenance cost of communities is quite reasonable
The reasonable developers hire third parties on a long-term contractual basis for maintaining the community which includes cleaning of the roads, pedestrian pavements, gardening, payment of the guards and security. This actually pools everything, and residents are actually benefitted from the price wars.
Myth 3: Privacy Hindrance
The third myth of gated communities is privacy hindrance. People seem to get disturbed with the idea of several families staying together in a single building and feel that they would begin hindering each other’s peace and privacy.
Fact 3: Builders give priority to the privacy of their residents
The responsible and reputed builders design the layout of their communities keeping in mind the population density. Keeping this as a parameter, the open spaces are developed to promote both privacy and harmony.
Myth 4: Expensive
Since gated communities are associated with luxurious living, people relate that lifestyle to a very expensive one, assuming that only high-class people can afford such an expensive lifestyle.
Fact 4: It is budget-friendly
The real estate companies have realized that people aspire for gated communities so they have started offering community lifestyle in various investment brackets.
Having read about the facts clearly, the thought of buying a property in a gated community must have triggered in your mind right now. If yes, read on the points you should keep in your mind before purchasing a property in a gated community:
1. Prioritize your Budget
You should keep in mind to get your finances in shape before you purchase a property that exceeds your budget.
2. Note the builder’s reputation
Take your own time in doing a bit of homework on the builder’s reputation. Go through their previous projects, customer reviews to understand whether they are trustworthy enough. It is really important that you settle for a house with a reliable builder.
3. Survey the location & property well
Make sure to do a tiny survey of the area around the area you have set your eyes upon. Make sure you know about the location’s connectivity, neighbourhood, quality of living, etc.
4. Improve Your CIBIL Score.
Last but not least, if you are planning to apply for a home loan, keep a track of your CIBIL Score. Your CIBIL score plays a significant role in the loan application process.
Keep these points in mind and you are all set!
Gated Communities in India, according to common perception, symbolize wealth and security but these perceptions are not all-encompassing. There are more pros of community living than the cons. So, if you are planning to buy a property in the near future then it’s time to reevaluate and keep your options open!