A residential complex is a group of single-family homes, multi-family homes or residential buildings designed as part of a single comprehensive scheme, with a shared identity, style and specification. The homes within a residential complex usually share, in most cases, communal areas such as access roads, parking areas, leisure facilities or landscaped green spaces, among others.
Advantages of living in a residential complex
These are some of the main advantages of living in a residential complex:
- Security. Living in a residential complex is safer, as it is a private, gated community and provides a greater sense of peace of mind. Some residential complexs have perimeter fencing or secure entrance gates, concierge staff or private security systems.
- Neighbourhood community. Living in a residential complex allows you to build a sense of community and have neighbours with whom you can form friendships, connect and expand your network, or ask for help in the event of an emergency or need.
- Shared costs. In residential complexs, the services and costs arising from the maintenance of communal areas are shared among the owners within the community. As a result, you can enjoy certain amenities while keeping expenditure under control, with lower costs because they are shared.
- Better quality of life. Thanks to the range of services available in a residential complex, you can enjoy a better quality of life. A swimming pool, sports area, children’s play areas or landscaped gardens are some of the amenities you may enjoy in a residential complex.
- Property value appreciation. Homes that form part of a residential complex tend to command strong value in the property market compared with other types of housing, due to the features and services available within the development. Your property is likely to have a higher value if it is located in a residential complex.