Even the most introverted members can be part of the community because of mandatory HOA meetings! What are the Cons of an HOA? #1 The HOA Fees are Expensive Plus, it’s also easier to meet people when you’re sharing amenities, such as swimming pools and community centers. They can plan social activities such as bake-offs, barbecue parties, and more. This is because the members of an HOA are encouraged to participate. What does an HOA community have that the typical neighborhood doesn’t? A sense of community. In some cases, they may bring the conflicting parties together to come to a compromise. If your neighbor loves to throw loud parties, you can bring this up with the Board of Directors who will handle the matter on your behalf. If you fear confrontation, an HOA-regulated community is for you.

#3 The HOA Manages Conflictįrom noisy neighbors to dogs that bark ‘til daylight, neighbors come with inconsiderate habits that are the cause of disputes. You don’t have to share these spaces with non-residents. Best of all, these amenities are for members only. They use the dues to provide a variety of amenities, such as clubhouses, community pools, community centers, playgrounds, and so on. #2 The HOA Provides a Variety of AmenitiesĬontrary to popular belief, the Board of Directors doesn’t pocket the HOA dues. That’s why HOAs are ideal for property investors who are concerned about property values. So, in case you decide to sell your home, you can see a significant return on investment (ROI). The enhanced curb appeal will cause your property to appreciate. The result? A good-looking neighborhood that will have others green with envy. The main advantage of living in an HOA-regulated community is that the HOA takes care of common areas, including landscaping, community centers, and so on. What are the Pros of an HOA? #1 The HOA Takes Care of Common Areas In general, the more the amenities, the greater the fees. HOA fees can range from $200 to $300 a month, but it largely depends on the type of property and the amenities the residents have access to. garbage collectors), paying property management companies, and so on. community pools and parks), purchasing insurance, paying service providers (e.g. In addition, an HOA collects fees that go to managing common areas (e.g. They also collect fines from homeowners that go against their rules and regulations. The association oversees the community by enforcing rules and regulations that dictate what homeowners can and can’t do with their properties. It is run by a Board of Directors, whose members are elected by the homeowners. What is a Homeowners Association?Ī homeowners association or HOA manages a group of homes. Below, we’ll help you weigh the pros and cons of HOAs so you can decide if this type of community is for you. Rather than being a curse, homes with HOAs can be a blessing. While associations can be hypercritical, they do have their benefits. HOAs can be incredibly nitpicky, such as when an HOA in Missouri threatened to sue a homeowner over the color of their swing set. Due to their strict covenants, codes, and restrictions (CC&Rs), associations tend to be seen as party poopers. Statistics show that there are more than 370,000 HOAs in the United States - that translates to 53 percent of owner-occupied properties.

When house-hunting, there’s a high chance that you’ll encounter plenty of properties with a homeowners association (HOA).

Hoa community