In the past decade, the number of neighborhoods with HOAs has risen around 13%. Many communities have seen how having a homeowner's association improves their community.
An HOA board has the power to set rules for residents to follow. They can also fund and run community amenities through fee collection. For those who have never lived in this kind of environment, it can seem very foreign. They may wonder why they should choose this over a traditional neighborhood.
There are so many HOA living benefits, that this guide will outline the top five residents can expect to see.
1. Enforced Community Standards
Having neighbors is great for feeling like you have friends near you. But it can also be frustrating when your neighbors aren't living up to your expectations.
One of the HOA's responsibilities is setting standards for exteriors, gatherings, and more. Every resident agrees to those rules before moving in. And then they have to abide by them. It's an HOA's job to enforce those standards so that everyone is happy.
2. More Opportunities for Engagement
Along with trying to minimize disputes, an HOA also does things to bring neighbors together as well. HOA-sponsored events can be a great way to meet others in your area and create a stronger community bond.
They also provide opportunities for members to voice their opinions about the neighborhood. These meetings can help make continual improvements for every resident.
3. Increased Property Values
It's always a good thing when your home value increases. Living in an area with an HOA may raise your property's value without you even making any changes. The standards help make the neighborhood more appealing to potential buyers, helping everyone in the area.
4. Available Community Amenities
One of the best parts about city living is all the amenities close by. Often there are parks or pools you have quick access to for your entertainment. Living in a neighborhood can mean you're missing out on these things. Unless you live in one with HOA amenities.
HOA fees can be used to create and run all kinds of services. Residents can have access to gyms, clubhouses, splash pads, parks, pools, and more!
5. Regular Community Property Maintenance
Keeping the exterior of your home looking good can be a lot of work. It can be frustrating when there isn't the same level of effort being put into communal areas.
Residents can expect HOA maintenance to keep all those spaces looking just as nice.
Benefits of Having A Homeowner's Association in Your Neighborhood
Once you learn the responsibilities of a homeowner's association, it's easy to see all the benefits residents get to enjoy.
Overall, an HOA brings a greater sense of community to the area. Especially when it's a well-run HOA. The best HOAs bring in the help they need to keep the neighborhood moving forward.
PMI Village Alliance offers all kinds of association management services for HOAs in Jessup, MA. Our resources and experience can help your HOA reach all its goals. Get in touch for an HOA consultation to see how we can help you!
