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Old 04-10-2009, 10:07 PM
 
119 posts, read 266,126 times
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planned unit development. Tend to be smaller lot "detached" (<4000 sq ft) homes. Legally considered to be condominiums in California I hear. What does this mean? Is resale bad. Do PUD owners not really own their land since it is a condo (although its detached)...what are disadvantages. thanks sincerely
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Old 04-10-2009, 10:40 PM
 
Location: Pomona
1,955 posts, read 5,431,092 times
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PUD tends to fall in between condos and detached homes, understandable considering it's practically a hybrid of the two. You almost always have HOAs, but the monthly dues are usually less compared to condos due to fewer "common areas" to maintain.

Some folks like PUDs because they tend to be newer and still priced less than a comparable single family. However, HOA fees do eat into your monthly budget, sometimes to the extent that you would be better off paying the extra amount towards a bigger mortgage for the house instead. The smaller lot usually means sacrificing a driveway, a yard that's not crowded with more than 4 people, or both.
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Old 04-11-2009, 09:49 PM
 
617 posts, read 1,409,518 times
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[quote=nick2006;8289036]planned unit development. Tend to be smaller lot "detached" (<4000 sq ft) homes. Legally considered to be condominiums in California I hear. What does this mean? Is resale bad. Do PUD owners not really own their land since it is a condo (although its detached)...what are disadvantages. thanks sincerely[/QUOTE

PUD`s owners actually individually own the land underneath and air above it. Condo owners only own the air above property and the land under the property only in common with other tenants.

So YES from this prospective i`d choose a PUD.

Disclaimer: The above statement is NOT a joke! Please check California Real Estate Law!

Last edited by flo2900; 04-11-2009 at 09:57 PM..
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Old 11-20-2009, 07:21 PM
 
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PUD- I own the land & dwelling no HOA. I painted/did roof ect. Like a HOME. Townhouse 2 story style 3bed 2ba W/vaulted cealings-new structure.1300sq feet energy efficient $160 for 24/7 ac use in the summer & $78 central heat in the winter. 2 car Garage and a tiny yard. Private culdesac and very quiet. No common areas. Most units are joined at the 2 car garage. My unit is the last one with out being joined to anyone-privacy!! If you buy one of these (and they are out there) you have to be patient and look around. Price- usually about 20 to30 K below median home prices. Personal experience-I will never leave this life style due to not having a high cost to live.
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