6 Benefits Of Joining An HOA-Managed Neighborhood
Have you considered moving into a homeowners' association (HOA) managed neighborhood? It's important to remember that every HOA is different and unique. Thus, it's crucial to research and understand the specific rules and regulations of the HOA before deciding.
HOAs are organizations comprising members who own houses in the same locality. Each member pays monthly fees towards the exterior upkeep of the neighborhood and shared amenities. For order and uniformity, the community is controlled by a set of standard rules that guide the community.
Contrary to some people's belief, the main purpose of HOAs is not to restrict members. They're meant to create a conducive living environment while preserving the value of the members' properties.
There are several benefits of joining a well-managed HOA community. The ones listed below top the list:
1. Community Amenities
One of the biggest benefits of living in an HOA-managed neighborhood is access to facilities. You’ll have unlimited access to the HOA amenities and recreational facilities like swimming pools, sporting facilities, gyms, clubhouses, and green spaces. Homeowners and their families can enjoy these exclusive facilities within the vicinity for a fraction of what they would pay elsewhere. Moreover, the HOA management maintains the facilities to ensure they're always in excellent condition.
A community pool, for example, is an attractive feature for families with children, as they provide a safe and convenient place to swim and play during the summer months. Residents can use clubhouses for birthday parties, baby showers, or other celebrations. At the same time, fitness centers provide a convenient place to exercise without traveling to a gym.
The amenities provided by an HOA enhance the quality of life for residents and provide opportunities for socializing and recreation that would be difficult to find elsewhere.
2. Community Upkeep
As a resident, you'll pay an agreed monthly sum towards the exterior upkeep of the neighborhood. HOA managers ensure the community is kept neat and well-maintained throughout, lifting the burden of personal maintenance responsibilities off homeowners' shoulders. This way, you can live in a beautiful, well-kempt environment without worrying about upkeep.
3. Dispute Resolution
HOAs hold a diverse community, and therefore disputes are sometimes unavoidable. HOA agreements, known as Declaration of Covenants, Conditions, and Restrictions (CC&Rs), contain rules and regulations that every resident should abide by. Living in an HOA-managed community will save you the awkwardness of personally resolving a disagreement with a community member. The HOA board will intervene in such instances and act as a mediator to remedy the situation per the by-laws.
4. Property Value Protection
Before a member in an HOA-managed neighborhood makes significant modifications to their homes, they have to get approval from the relevant authorities elected by the HOA board. The application is reviewed to ensure the plan conforms to the community standards and designs. This way, the property's value is aesthetically and structurally protected, preventing interference with the architectural design and preserving the structure's integrity.
Also, homes in restricted communities tend to sell faster than those outside them and command higher prices because potential buyers know what lifestyle will be available once they move into one.
5. Community Engagement
HOA-run communities offer a better chance for members to engage. This is made possible by the social activities organized by the HOA management occasionally, whose purpose is to unite the community. Through such events, you meet and interact with your neighbors, fostering camaraderie and a sense of belonging among adults and children.
Getting involved with your community is one way that people can help themselves succeed as part of an HOA-managed neighborhood. By participating in events that bring together members of different households within their community, residents can build friendships while learning more about what makes their area unique from nearby places.
6. Security And Safety
Some HOA-managed neighborhoods have security features at the entrance which require member identification before being granted access to the premises. The requirement helps to keep off unwanted people and heightens the neighborhood’s safety. Even HOA-managed communities that don’t have such safety measures often depend on the camaraderie among residents to look out for each other.
Additionally, many HOAs have security cameras or gate systems to monitor who enters and exits the community, which can further enhance security. HOA officers also ensure that the community is well-lit at night. This practice deters criminals and makes residents feel safer walking or driving around the neighborhood after dark.
Conclusion
Living in an HOA-managed neighborhood offers reduced maintenance responsibilities, a ready-made community, shared security and amenities, and a great living experience. Before joining one, ensure that it conforms to your needs and lifestyle. Remember, trading a customized home for a uniform appearance is a small sacrifice compared to the benefits you and your family will reap.
