HOA stands for Homeowners Associations, which are becoming very common everywhere around the USA. Despite the fact that many note that living in HOA requires following strict guidelines and rules, living in such communities and being involved in HOA comes with plenty of advantages for everyone. One of the best things about it is that functional and effective HOA increases the value of the home in the neighborhood. The regulations, rules and guidelines set by the HOA are designed in such way to protect and increase the value of property.
What Does HOA Do?
The main role of the homeowners association is to make sure that no one can negatively affect the property value in the neighborhood. That’s why setting up rules is necessary because rules are there to protect the interests of the homeowners. Although people aren’t fond of following regulations and different set of rules, homeowners associations are still very popular. If there are no rules then homeowners can act as they wish at the expense of others without worrying about consequences.
Advantages of HOA Properties
Most homeowners associations provide the residents in the community with all kinds of great amenities such as protective gates, swimming pools, golf courses, tennis courts, ponds, gardens and others. There are many quality Outdoor Commercial Furniture for HOAs & Multi Family Communities available out there and the HOA fees are usually used for their maintenance and keeping a nice appearance of the particular neighborhood. The neighborhood not only looks good, but it provides a nice atmosphere for everyone living in it. Presence of quality amenities increases the satisfaction and enjoyment of living in a protected and friendly community.
HOA properties are also great because the rules in place deter detrimental members that can negatively affect the community. Unruly behavior is prevented and there’s no problems associated with problematic neighbors. Those homeowners who aren’t able to follow rules or that don’t want to sign a contract to respect the guidelines of HOA community are unlikely to get a chance to live in such a neighborhood. Because of that, the HOA community will be more likely to have members that share similar values and goals. That makes it ideal for those that want to live in a friendly and peaceful community where they’ll know most of their neighbors.
Long Term Benefits of Living in A HOA
If you’re considering buying a house or condominium in a planned and gated residential area, the chances are big that you’ll need to join the homeowners association of that particular place. By becoming a member of the homeowners association you’ll need to pay certain HOA fees and charges, which will primarily be used for upkeep and proper maintenance of all mutual amenities in the residential neighborhood. Buildings, gardens, pools, clubhouses and all other amenities will be maintained from the money paid by the members as fees. HOA rules and regulations are often very detailed and pedantic and living in such a community comes with many great benefits.
One of the things that many people love about such communities is the fact that their maintenance responsibilities are significantly reduced. After maintenance fees are collected from the homeowners, the association takes charge and does everything necessary to keep the property looking and functioning as it should. You don’t have to do any demanding work regarding fixing objects, painting walls, cleaning pools, mowing the lawn, maintain trails and playgrounds, plant flowers and so on. All of that is done by a specialized service, so the HOA properties are always kept attractive and appealing with their outside beauty.
Using mutual amenities for free is another good thing for people that live in the community, because you as a resident are privileged to use pools, sports facilities, halls, barbecue pits, tennis courts, playgrounds and everything else in the community free of charge. You can recreate yourself anytime you want and socialize with other neighbors that live in the same community. Besides free amenities, there are also some other quality HOA amenities which you can use for a small charge or membership fee. These types of amenities often require regular care and maintenance, but it still doesn’t cost much to use them. These are gyms, laboratories, fitness and spa centers, internet centers and library.
How HOA Improves Relations and Handles Problems
HOA encourages interaction and good communication among residents. It’s of great importance for the community members and neighbors to know each other. By having friendly, cooperative and helpful neighbors you’re getting massive advantage if there’s some kind of emergency. That’s why the HOA organizes regular meetings and other events for socialization among neighbors, encouraging residents to make friends. There are often some parties for welcoming new member of the community or birthday celebrations. Not only is this good for friendships but it also increases the sense of security among neighbors.
When it comes to problems and disputes, they’re all properly and quickly handled by the homeowners association. Sometimes mistakes and misunderstandings can happen between neighbors, which is a normal thing in every community. Inside a regulated community like HOA these disputes are handled pretty well and proper solutions are given immediately, so the neighbors will cooperate and be friendly again. Complaints filed against the community and its amenities or facilities, as well as against other community issues are quickly looked at and resolved with help of the HOA.
As you can see, there are many benefits of living in a homeowners association. Besides these there are many more, so you should definitely consider moving into such a neighborhood. Living in HOA will give you many advantages and you’ll get peace of mind knowing that your community is protected and safe. Get in touch with some of your local real estate agencies and ask about all details regarding these beneficial properties. Get informed about everything and find the most suitable home for your needs. Buying a property and living in a HOA is one of the most valuable and most beneficial investments you can make in life.