Understanding the Benefits of an HOA Membership
When you buy a home in a community governed by an HOA, you will receive an HOA membership. While some may lament over the fees, rules, and regulations that come with membership, not everyone is aware of the many benefits membership brings. To further understand an HOA membership, we’ve compiled the top benefits to look out for when joining an HOA community.
Safety and a Sense of Community
One of the best things about an HOA membership is being part of a community. The HOA will often organize community gatherings and run the local block watch program, which will help keep your neighborhood safer. Communities that have a strong HOA often have significantly lower crime rates specifically for this reason.
HOA properties can vary from having amenities to no amenities. Such amenities can include swimming pools, playgrounds, walking trails, sports courts, and picnic areas. It is the responsibility of the HOA to provide upkeep and maintenance for these areas.
Higher Property Values
Higher and more consistent property values are a big reason many people choose to live in HOA governed communities. An effective HOA will enforce the rules and regulations, which will keep the neighborhood looking nice and running smoothly. This, combined with well-maintained common areas, will keep everyone’s property values up.
One of the best benefits of an HOA membership is having maintenance and upkeep provided as part of your HOA fees. As a result, the HOA is responsible for maintaining the common areas and amenities examples include pools, tennis courts, hallways, and elevators. This allows you to have peace of mind knowing that your amenities and well-manicured grounds will be there for you to always enjoy.
Disputes between neighbors can cause friction in a community. Thankfully as an HOA member, your HOA can provide dispute resolution among residents that is fair and amicable for all involved. You won’t have any long-standing issues with neighbors about noise or parking because you have a mediator ready to help solve the problem with no need for calls to the police or lawsuits.
Community Management and Organization During a Crisis
Should crises such as natural disasters, weather, flood, or fires arise, the HOA will provide leadership and organization to help the community recover. In these kinds of times, HOAs have proven to be indispensable tools for their residents.
Finding the Right HOA Fit
When it comes to living in an HOA governed community, one of the most important things is finding the one that is right for you. You should look for a neighborhood and HOA that suit your needs and have the kinds of rules and regulations that best suit your values.
AR Management can help boards with property, fiduciary, and decision management. If your HOA is looking for assistance, contact us today.