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Home Owners Association vs non HOA

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Homeowners association short for HOA’s, so HOA or non-HOAs.

When you consider purchasing a home within an HOA for the first time, there are some things to think about. A common question I get asked is what are the benefits of an HOA? So here are the top 10 benefits of having a home with a homeowner’s association.

1. It helps maintain property values because residents are held accountable to deed restrictions with the benefit of the home and common areas having consistent care and maintenance. Having a well-kept home in a well-kept neighborhood is what makes living in an HOA desirable to many homebuyers.

2. Financial stability. A well-managed HOA has reserves in place and funds available for future projects such as common areas, repairs, and capital improvements. Strong reserves also reduce the chances of a special assessment as well.

3. Is the connection with your community through volunteer work, opportunities to be of service to your community by volunteering to serve on the board of directors is a great way to make new friends and to network, but it’s also a great way to ensure your board is run properly.

4. You get support when dealing with neighborhood property issues as Hoa’s often partners with municipal code compliance departments to ensure adherence to the rules.

5. Rules and regulations deter the nuisance activities because each owner in the community is held to the same set of standards for the upkeep of their home’s exterior, as well as adhering to parking restrictions, noise policies, and short-term rental guidelines, and alike.

6. Increased community pride, community activities and events help bring neighborhoods together, which increases the pride of ownership and the HOA membership. within the community.

7. It has well-maintained common areas and amenities. Most HOA’s do an outstanding job maintaining their common areas and amenities. Things like manicured and overseen common area lawns, freshly painted everything, lighting, and just plain clean overall. If the neighborhood looks great, the community feels great.

8. You have access to amenities such as walking trails, tennis courts, swimming pools, hot tubs, barbecue pits, neighborhood parks, and alike.

9. Increased community engagement, community gatherings, and activities such as movies in the park, chili dumps, tennis, pickle ball, Halloween parties, or holiday gatherings bring neighbors closer together, regardless of the community size. There is a sense of camaraderie among neighbors in any community a

10. Architectural controls. Residents are required to submit approval for any modification projects to the exterior of their home. That means you’re not going to have a big huge bright neon green or orange painted house next door or in the area. The architectural control committee will review each request to ensure consistency with the community standards.

I’m John Herman with PropertyUp and I’d love to assist you with anything real estate or community-related. Our team is here to help and as always Remember, make it a great day!

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