New Community vs Established Community

First of all in a new community you are starting off fresh. Everyone will be coming in at or about the same time. Everything is new and up to date amenities. The average age may be closer to your own. There will be opportunities to customize your home to your own specs. You need to be reasonably confident that the developer has a solid reputation and finances. Go out and see some of the developers past developments.

When you are buying in an established community you will be able to evaluate the community’s track record. You can examine the state of their finances, you can read the HOA rules are and how they are enforced. You’ll know if the amenities are built and open and running the way you want them to. You can determine if the HOA is well managed.