4 Amazing Pros to Living in an HOA Community
Are you thinking about moving into a new neighborhood with a homeowners association? While some homeowners might balk at the restrictions and lack of freedom, many love the idea of having a set of rules and regulations to keep their community up to standard. Although there are many benefits to having an HOA, there are also a few things to consider before purchasing a home in an HOA community.
What is an HOA?
Before we dive in, let’s take a look at what precisely an HOA is. A homeowners association is an organization that sets and upholds rules in housing communities in order to maintain and enhance property values. HOA’s are most commonly found in communities like townhouses, condominiums, and single-family home neighborhoods. According to the Journal of Urban Economics, nearly 60% of recently built single-family houses, and 80% of houses in new subdivisions, are part of a homeowners association (HOA).
Some of the benefits of an HOA include:
- Amenities
- Regulated Maintenance Services
- Neighbor Interference
- Save on Utilities
Amenities
Do you like swimming pools? Love to play golf? Enjoy tennis? One of the biggest pros of HOA communities is the recreational activities and amenities these places provide. You’ll get easy access to tennis courts, clubhouses, swimming pools, golf courses, playgrounds, and more. Moreover, you get to enjoy these amenities without having to worry about maintenance!
Regulated Maintenance Services
Another amazing benefit is regulated maintenance services. If you’re a homeowner who hates shoveling snow, mowing the lawn, or dealing with pests, then an HOA community is perfect for you. An HOA is responsible for keeping your neighborhood and shared areas well-maintained, from trash pickup to road repairs. So, say goodbye to tedious home maintenance and enjoy the benefits of having your home taken care of.
Neighborhood Interference
You might not mind cutting your own lawn; however, one thing many people don’t like dealing with is interference. If you’re a homeowner, chances are you have dealt with an annoying neighbor once or twice. Barking dogs, loud parties, or someone continually blocking your driveway? No need to get into a conflict. HOA will handle it for you! In fact, resolving neighbor conflicts is one of the main responsibilities of an HOA. Just file a complaint with the homeowner’s association, and they will take care of the problem. This saves you from dealing with the offenders directly.
Save on Utilities
In addition to interference, did you know that living in an HOA community can save on your utilities? Although prices vary, your HOA fees cover basic utilities like trash, sewage, water, gas, and recycling. This helps cut down on bills and saves you money overall!
Looking for a home in an HOA Community?
Navigating the home-buying process can be tricky. We’re here to help you! If you’re ready to purchase a home in an HOA community, contact our team at MWT Realty Group today. We’ll find the perfect property that meets your needs.
Are you a new home buyer? Check out our list of the 10 things you must do before buying a home.
