6 Benefits of HOA Home Buying
The number of communities governed by homeowner and condo associations is on the rise across the United States. Whether you are looking for your first home or second, chances are many available properties are located in one of these association communities. Every HOA has different regulations and rules that homeowners must follow, making it a good idea to review these and the benefits of HOA living before making a final decision.
Benefits of an HOA
Choosing to live in an HOA comes with numerous benefits. Here are some of our favorite reasons to choose an HOA community.
More time for your life.
How many times a week do you wish there was more time to tackle all of the homeowner responsibilities on your list? Living in an HOA is beneficial because most associations are responsible for property upkeep, including yard work, building upgrades, and snow removal. Not having to handle these tasks is a huge time-saver for many homeowners already struggling to keep up with life.
Amenities are plentiful.
HOA amenities like picnic areas, walking paths, pools, fitness centers, and courts are just a few activities that are nice to have within walking distance from your front door. Plus, homeowners don’t have to worry about the maintenance or upkeep because the association takes care of these with your monthly HOA dues.
Being part of an HOA gives you access to dispute resolution that is managed and monitored by the board of directors. The board will review worthy complaints and handle them based on the governing documents of the community.
Increased community engagement.
Today, many HOAs host community gatherings to encourage engagement, giving neighbors a chance to meet and build relationships. Living in an area that fosters community growth can increase overall security as people are more inclined to watch out for one another.
Help maintain property values.
HOA rules and regulations or CC&Rs help protect property values in neighborhoods by outlining what types of changes a homeowner can make to their property. It also prevents homeowners from not taking care of their property as well.
Opportunities to be involved.
If you are looking for a community that offers opportunities to be involved in planning, managing, and making recommendations for the neighborhood, an HOA delivers. There are ample opportunities for members to volunteer their skills and time.
Many benefits come with HOA living, and every community offers different amenities and unique experiences. Take the time to review your options before choosing your new home.
AR Management can help boards with property, fiduciary, and decision management. If your HOA is looking for assistance, contact us today.