Real estate transactions: Is your home part of a Planned Unit Development?
A Planned Unit Development often includes a blend of residential, commercial and retail units, together with open space set aside for recreational purposes. Purchasing a home in such a community has advantages and disadvantages.
- Because the aesthetics of the community have been defined, in advance, you know what you are buying into, and that it will not change.
- On the other hand, the rules and regulations of the PUD may restrict your ability to engage in activities you otherwise would expect to be able to do at or from your home. For example, some Planned Unit Developments prohibit you from engaging in business from your home.
If you are buying a home that is part of a Planned Unit Development, it is critically important that you review all of the restrictions on use, in advance. We can help you with this.