Resort-style communities are a great option for people who are interested in purchasing a second home, vacation home, or investment property near a popular attraction. Read on to learn more about resort-style communities, different community types, and the benefits of purchasing a home in one.
What’s a Resort-Style Community?
A resort-style community is a type of managed community with unique amenities that’s typically near an attraction, like an ocean, lake, or ski mountain. Often, these communities are built by hotel developers that saw an opportunity or demand for residential properties. Resort-style communities are prevalent in Mexico and states like Texas, Florida, Arizona, and South Carolina.
Types of Resort-Style Communities
There are many types of resort-style communities, but the following are the most popular.
- Retirement Community
- Active Adult/55+ Community
- Master-Planned Community
- Sports and Country Club Community
- Beachfront or Lakefront Community
Why Do People Buy Homes in a Resort-Style Community?
Whether your property serves as your primary or secondary residence, buying a home that’s part of a resort-style community comes with countless benefits including:
Community Management
The majority of resort-style communities are professionally managed, so if you purchase a home in a resort community, then you’ll most likely become a member of their managed association. There are many advantages to owning in a house in a managed community. You can expect access to greater amenities and resources along with additional help to protect your investment.
Resort-Like Amenities
Because resort-style communities are near a popular attraction where people like to vacation, there are likely unique amenities to enhance that experience. Many resort-style communities have amenities that you wouldn’t typically find in a single-family or condominium community like spas, multiple pools, boutiques, bars, and restaurants. And because it’s professionally managed, you’ll have peace of mind that your management company is maintaining all community amenities.
Community Culture
Typical vacation resorts attract a wide variety of guests. However, resort-style managed communities often have requirements and restrictions for their residents to ensure the community consists of like-minded people with similar interests, routines, and lifestyles.
Investment Opportunities
Due to their desirable location, many people are interested in renting a home in a resort-style managed community. As always, keep in mind that the rules and regulations are different for each community, so make sure to check your governing documents before renting out your property.
Learn More About Resort-Style Communities
Are you interested in purchasing a second home in a resort-style community? Check out our blog post, “The Beginner’s Guide to Purchasing a Second Home,” to learn more about the different types of second homes and tips and tricks to make the process easier.
Resort-style communities represent a fusion of luxury living, exclusive amenities, and strategic location, making them an attractive prospect for various real estate investments. My expertise in real estate and community development aligns with the core concepts highlighted in Melissa Eisenman's article about resort-style communities.
The concept of resort-style communities involves the convergence of managed living spaces near popular attractions such as oceans, lakes, or ski mountains. These communities are meticulously designed by developers, often affiliated with hospitality backgrounds, to cater to residential needs while incorporating resort-like features and services.
The distinct types of resort-style communities mentioned in the article encompass Retirement Communities, Active Adult/55+ Communities, Master-Planned Communities, Sports and Country Club Communities, and Beachfront or Lakefront Communities. Each type is tailored to specific demographics, catering to the varied preferences and lifestyles of potential residents.
The allure of these communities lies in the multitude of benefits they offer. First, community management plays a pivotal role, ensuring efficient upkeep and maintenance, fostering a sense of security and safeguarding property values. Moreover, the abundance of resort-like amenities, ranging from spas, pools, and dining options, amplifies the luxury living experience, often surpassing typical residential settings.
One distinguishing factor is the curated community culture that resonates with the interests and routines of residents. These communities often implement guidelines and restrictions to maintain a cohesive environment, aligning residents' lifestyles and fostering a like-minded community spirit.
Finally, resort-style communities often present lucrative investment opportunities, especially in rental markets. However, rental regulations and community rules need careful consideration before delving into such prospects.
For individuals intrigued by the prospect of owning a property in a resort-style community, understanding the intricacies and nuances is crucial. Eisenman's recommendation to explore a beginner's guide to purchasing a second home delves deeper into the specifics of these communities, offering valuable insights and tips for prospective buyers.
Should you seek further guidance or have specific queries about resort-style communities, I'm here to assist!
