Living in a homeowners association (HOA) community is a decision many perspective buyers review when purchasing a house. People have different preferences when it comes to the place they call home. Many planned developments require membership with the purchase of your townhouse, condominium, or single-family home. Some buyers may frown at the idea of sharing amenities with their neighbors, but HOA management can often show them the association’s brighter side. Below are some disadvantages of living elsewhere and the corresponding advantages of an HOA community.
With large open common spaces such as parks and pools in single family homes and condominium buildings, with roofs and mechanical systems such as boilers, maintenance on these areas can be expensive and time consuming. With a homeowners’ association, the cost for the maintenance is evenly distributed from homeowners through the assessments collected to maintain the community. This can offer an aesthetically pleasing community which allows homeowners to focus on other things pertaining to their day-to-day.
Rules and Regulations to Protect Homeowners
One of the unique aspects of HOA living is that associations have governing documents that outline rules that provide their community with structure and a framework that can add safety and value to their community. Rules and regulations help the community function as a cohesive unit while providing protected living conditions for all residents.
Increased Home Value
An HOA home’s value increases when the homeowner decides to sell the property in comparison to a home found outside of an HOA. The association’s regulations help in protecting the property’s value by ensuring proper maintenance is being done in the common areas and the community is kept looking beautiful. The HOA also prevents a person or group’s house from impacting the market value negatively. The association’s governing documents prevents vast aesthetic differences in homes to create a cohesive community which is typically much more appealing to home buyers.
Plenty of Amenities
A homeowner outside the confines of an HOA often doesn’t get to experience the same community value an HOA provides. Communities not incorporated in a homeowners association typically do not have many amenities due to cost and responsibility for management as well as maintenance. In contrast, staying in an HOA community can offer the homeowner a variety of amenities including a pool, fitness center, clubhouse, golf course, or tennis court. The association is responsible for maintaining the standards of the amenities to enhance their appearance to the property owners.
Living in a non HOA community gives a homeowner total freedom to do what they want, but exposes them to challenges like maintenance or lack of amenities. On the brighter side, living in an HOA provides them with abundant benefits including plenty amenities and financial security as HOAs must abide by certain regulations and standards. For help managing your HOA and providing services that can tackle the management of HOA living, contact our Phoenix HOA management company today!