If you’re in the process of buying a home right now you’ve most likely head the term “planned unit development” but what exactly does this mean?
In this post we will break down what is a Planned Unit Development (PUD) and how they affect you as a home buyer.
About Planned Unit Developments
Planned Unit Developments have been in existence across the United States since the 1940’s when developers started building homes closer together in subdivisions.
Many developers realized that they could make more money by building multiple homes on large tract of land rather than continuing with the tradition of building a home on a large plot of land as had been done for generations.
Planned unit developments involve a comprehensive layout which includes one or more tracts of property that may be connected via one roadway or a right of way.
What’s great about a planned unit development is that they offer developers the ability to have many options for the land they are developing so a developer can build not just homes, planned unit developments can also include parks, sports parks, recreation areas, club houses, schools, libraries, commercial areas and much more.
In Irvine Planned Unit Developments are especially common and thanks to the average PUD a homeowner literally has everything they could want within walking distance including hiking and or biking trails and great shopping and schools.
Planned Unit Developments in Irvine, CA
One of the most well-known Planned Unit Developments in Irvine, CA right now is the Great Park, this planned unit development encompasses 1,300 acres and is located on the site of the former Marine Corps Air Station El Toro.
The Great Park is a planned unit development that will include over 4,000 dwelling units, commercial space and hundreds of acres of park space, right in the heart of Irvine, CA.
Learn More about Planned Unit Developments
To learn more about Planned Unit Developments contact Fred Sed Realty today by calling us at (800) 921-9231 or connect with us through our website.