What are some features of Todays Communities?
There are three features that make these homes and communities different from traditional forms of homeownership. One is that you share ownership of common land. The second is that you automatically become a member of a community association with all other homeowners, and as such must abide by association rules. The third feature is that you will pay an “assessment” (a regular fee, often monthly, that is used for upkeep of the common areas). There are many advantages to living in this kind of development. The community usually features attractive combinations of well-designed homes and landscaped open spaces. The houses may even cost less than traditional housing due to more efficient use of land. Parks, walking trails and other amenities, often too expensive for you to own alone, can be yours through shared ownership. What’s more, you won’t have direct responsibility for maintenance, so you won’t have to care for the common landscaping, maintain the walking paths or ponds, and you may
