what does pud mean in real estate

Best answer

Planned Unit Development

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  • What is a PUD property?

  • PUDs are communities of homes, which can include single-family homes, condos, commercial property like retail stores or all of these property types. The most common kind of PUDs, however, are comprised predominantly of single-family homes.

  • What is planned unit development (PUD)?

  • A Planned Unit Development (PUD) is a community of homes that could look like single family residences, townhomes or condos, and can include both residential and commercial units, but on paper, they檙e most similar to condos.

  • How do you know if a house is a PUD?

  • When you檙e shopping for homes and see the type of ownership listed as ondominium,?even though the home looks like a typical house or townhome, then it most likely a PUD. A PUD includes ownership of a 渓ot,?with common areas either owned by a homeowner association (HOA) or collectively by all invested parties.

  • What is the difference between a PUD and a condo?

  • Like a condo project, a PUD will be operated by a homeowners association (HOA) to which every homeowner contributes monthly or quarterly fees based on their percentage ownership in the overall project. And also like a condo project, those HOA fees go toward covering amenities and maintaining services associated with that PUD.

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