The Benefits of Living Under HOA Management
Living in a community with an active homeowner's association (HOA) comes with a lot of benefits. HOA management can help ensure your home keeps its value, create a better sense of community belonging and provide upkeep to amenities.
Read on to learn all the benefits of living in an HOA community and why you might want to attend your next HOA meeting.
What is an HOA?
An HOA is a group of individuals, consisting of either members of the community or officials provided by a real estate developer, whose job is to manage or sell homes within a housing subdivision. They provide guidelines and standards to maintain the neighborhood and properties.
There are many benefits to living in an HOA community, many of which protect your investment and ensure you are getting the most out of your communities services.
HOAs Help Increase Property Value
The surroundings around your home can greatly affect its value. For example, if your community's common grounds are not properly maintained, it may negatively affect the value of all the homes in that community. That also includes nearby homes. If a lot of a nearby home is overgrown or dirty, it may turn off potential buyers, lowering the value of your home.
Part of the job of an HOA is to create strict home maintenance guidelines to ensure that the lots and grounds around your home are well-kept and properly cared for. Homeowners who do not follow HOA guidelines may be subject to fines.
HOAs Can Bring Communities Closer Together
HOAs have the authority to provide a range of fun activities that you and your neighbors can enjoy. An active HOA management can schedule fun get-togethers like neighborhood BBQs, movie nights, book clubs and other events that encourage strong neighborly bonds between homeowners.
Joining your fellow neighbors at HOA meetings can also create a sense of camaraderie among homeowners as they work together to maintain the properties throughout their community.
HOA Landscaping Maintenance Keeps Natural Amenities Looking Pristine
Many master-planned communities feature parks, lakes, trails and other natural amenities that require upkeep. HOAs within these communities oversee hiring qualified vendors to make sure these areas receive proper landscaping.
The HOA will ensure trails and lakes stay clear of debris and litter. Landscapers will also plant flowers and keep vegetation pruned, so your neighborhood always looks bright and lively.
HOAs Help Keep Amenity Equipment In Working Order
Some communities also have community or activity centers that house gyms, salons, restaurants and more. HOA management is in charge of hiring vendors who will keep the equipment in these areas clean and operating like new. They also ensure that members of the community have unfettered access to amenities, ensuring they are safe and secure at all times.
HOAs Help Handle Neighborhood Disputes
Sometimes neighbors disagree, and it is in the best interest of everyone to settle disputes amicably. HOAs can provide guidelines to help settle disputes, whether it is loud music playing or a home in desperate need of lawn maintenance. If these guidelines are not met, the HOA will step in to solve the issue quickly and effectively on the neighbors’ behalf.
Looking for a home with plenty of amenities that will maintain its property value for years to come? Find your ideal Texas home within a close-knit community.