Benefits of HOA

After a long day of work, the last thing you want deal with is overgrown grass or shrubs. Do you really want to worry about roof leaks or siding issues either? Have you always wanted the convenience of a pool but don’t want the hassle of one? Well good news, I have the perfect solution for you! A Homeowners Association or “HOA” is simply an organization that manages and maintains a community. Thus, your living environment will be more desirable. Quality does comes with a price, but the glass is half full in a situation like this. Let me tell you why!

Access to Amenities

Old or young, HOA’s construct amenities that benefit families of all ages. Without a doubt, you will be sure to find an activity that best suits your lifestyle. Pools, gyms, parks and basketball/tennis courts are a few prime examples that communities tend to enjoy and occupy the most. Above all, pools and gyms can be extremely costly. The average installation cost of an in-ground pool is roughly $35,000. Homeowners generally pay anywhere between $3,000 – $5,000 per year to keep their pool intact. In 2021, the prices of 16 popular US gym facilities were analyzed. Results indicated that the average monthly cost of a gym membership is $37.71 and can be as expensive as $44.42, that’s an annual cost of $500 right there! By paying a couple hundred dollars monthly for an HOA fee, every single amenity will be included! The best part is..you do not have to travel far or worry about any repair/maintenance costs! For a minor fee in the grand scheme of things, it sure pays off if you like to take part in any of the activities mentioned! 

Maintenance

I know after your busy day at work, all you want to do is relax when you get home, not worry about the overgrown grass or trees that are branching off into 100 different directions. If a buyer does not purchase a home that requires an HOA fee, they are completely responsible for any maintenance such as mowing the lawn, trimming bushes, snow removal, power-washing, replacing the roof, cleaning the pool, etc. Though those may seem like minor aspects, they can be an inconvenience, tedious and time consuming when you have other tasks that need to be completed. With an HOA, you won’t be racing the clock trying to squeeze maintenance work into your schedule. Instead, it will automatically be taken care of for you. A well-maintained community isn’t only appealing to view, but it also makes us happy to be living there. When the property looks nice, it makes the community feel nice as a whole. 

Stabilized Property Value

Appearance holds a great amount of significance in regards to a property’s overall value. In a community where there’s an HOA, the home’s tend to be like a “cookie cutter”, obtaining an identical appearance. This pertains to the landscaping and external look too which is highly beneficial. When one or two houses in the neighborhood look disheveled, it makes the entire neighborhood less preferable, lowering property values for all. With an HOA, every home must be maintained at all times to prevent that downfall from happening..so no more agonizing about when your neighbors are going to take care of their properties!