Homeowners Association Benefits

The difference of opinion on HOAs, or Homeowners Associations, will depend on multiple factors, which include individual preferences and personalities and the quality of the certain Homeowner’s Association. Dues and rules vary yet, generally, homeowners who reside in a Homeowners Association have to abide by its regulations, as well as pay an annual, quarterly or monthly charge which pays for maintenance and management of the community. Most homeowners like to live in a Homeowners Association for many reasons, which include:Community appearanceHouses inside an HOA have to meet the standards established by the association or be faced with a fine; therefore, you are less likely to witness a garishly painted house, peeling paint, or unkempt lawns. Some Homeowners Associations have a design review board that has the power to approve changes to a home's exterior, and that will establish a color palette for outside trim and paint. Most HOA's have regulations concerning how many vehicles or even what kind of vehicles may be parked on the property. For instance, they might ban RVs or commercial vans.Low maintenanceDepending upon the Homeowners Association, services like lawn care, as well as snow and trash removal are dealt with by the association, and leave less work for a homeowner.Recreational amenitiesWhile not every HOA has a swimming pool and tennis court, most offer an array of amenities like walking trails, a community center, sports courts, as well as playing fields that are reserved for residents.Association managementIf you experience an issue with the neighbor's barking dog, a dispute over a tree, or loud parties, you may ask the management to deal with the problem instead of directly getting into an argument with the neighbor next door.Most homeowners like that HOAs oftentimes maintain greater standards for a neighborhood's look; however, there isn’t any question that you must understand the costs and regulations in every community in which you are considering purchasing a house.