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Things to consider when investing in a residential project with clubhouse

A house in a residential project with a well-equipped clubhouse has a higher resale value, as it stands out from other properties in the same area that lack such facilities.

For modern homebuyers, property purchases are driven by a growing desire to fulfil financial and aspirational goals. Evolving lifestyle preferences make gated communities with amenities such as a clubhouse a popular choice among home seekers. From a luxury facility to a necessity, the concept of a clubhouse in residential real estate projects has shifted gradually over the years. This can be attributed to the changing lifestyle of people. In this guide, we delve into the many advantages a clubhouse offers and the things new homebuyers should consider when investing in a project with a clubhouse facility.

 

What is a clubhouse in a residential project?

A clubhouse in a housing society or an apartment complex often comes with several amenities and provides a shared space where residents can engage in numerous activities. It often comes with amenities such as:

 

How is a clubhouse beneficial for homebuyers?

 

Things to check when investing in a project with clubhouse

Range of facilities

Most residential projects nowadays, come with a wide range of facilities so that everyone has something to look forward to when buying a house. When investing in a project with a clubhouse, buyers should check what are included in it. It is also crucial to verify if the clubhouse is operational and the facilities are functional. Merely going by what the brochure says may not be a good idea. It is better to ask the developer key questions about the clubhouse.

Personal needs

Before buying a house in a gated community, potential buyers need to assess their family’s needs and ensure the clubhouse provides facilities catering to them. Seek family-friendly features such as children’s play area, yoga rooms or senior-friendly areas, wellness spaces, etc. One must carefully choose between essential facilities and those that may not add significant value to one’s lifestyle.

Developer’s track record

Researching the builder’s track record when buying a property is necessary to ensure the investment is secure and prevent potential hassles or disputes later. It can be done by viewing online reviews about the developer, approaching other buyers who have invested in the project and visiting the completed projects. Prospective buyers must look for the past projects developed by the builder to ascertain if clubhouse facilities were delivered on time and whether there were any major issues faced by residents.

Membership and access 

At the time of house purchase, buyers must check the rules of access to the clubhouse, whether it is meant only for the residents. They can find out if guests will be allowed access and if any charges are applicable. Moreover, some societies may levy additional charges on some amenities. It is better to confirm such charges and check what may be included in the maintenance fee. To avoid any inconvenience, checking the timings and booking policies for facilities such as sports courts, swimming pools, banquet halls, etc. is recommended.

Upkeep and maintenance costs

When investing in a project with clubhouse, buyers should get clarity on the monthly or annual maintenance charges to be paid. This should be done at the time of calculating one’s budget for home purchase, to avoid any challenges later. One must check how the costs will be shared among residents and ask for a possible hike over time. Buyers can also check if the society will have a facility management team to look after the clubhouse facilities, equipment and security.

Safety and security

Most developers install advanced security systems, including 24/7 security and CCTV surveillance, to ensure the safety of their residents. Some features to look for include proper supervision in children’s play area and swimming pools and controlled access to society to avoid unauthorised entry. 

 

Housing.com News Viewpoint

The trend of gated community projects offering a resort-like experience for homebuyers is increasingly growing in top cities. A clubhouse promises to fulfil this lifestyle demand while also increasing the property’s value for the buyer. However, proper research and evaluation based on factors such as personal needs, maintenance charges and accessibility can help buyers make a well-informed decision.

 

FAQs

Does a clubhouse increase property value?

Yes, a house in a residential project with a well-equipped clubhouse has a higher resale value, as it stands out from other properties in the same area that lack such facilities.

Is it mandatory to pay clubhouse maintenance charges?

Most societies include clubhouse maintenance charges in the monthly or annual maintenance fees. Residents are usually required to pay these charges, irrespective or whether they use these facilities or not.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com
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