what is pud in real estate
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Planned Unit Development
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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.
Is a PUD considered a neighborhood?
Everyone who lives in a PUD home is part of a homeowners association (HOA). An HOA typically runs a PUD and all residents must join and contribute to HOA fees. Real estate developers traditionally design a PUD as an interactive neighborhood to contain a mix of housing, office buildings, shopping and recreational activities.
What is a PUD and how does it work?
PUDs can include both residential and commercial units and amenities open only to homeowners within them may include tennis courts, pools, playgrounds, or even a gated entrance to the neighborhood. Even the streets in the PUD neighborhood may be owned and maintained by the PUD, instead of tax dollars from the local community.
What is a PUD Hoa?
An HOA typically runs a PUD and all residents must join and contribute to HOA fees. Real estate developers traditionally design a PUD as an interactive neighborhood to contain a mix of housing, office buildings, shopping and recreational activities.