6 Benefits to Living in an HOA
When people think about homeowners’ associations (HOAs), their mind probably lands on all the rules to follow and dues to pay. While these are a part of the reality of HOA living, rules and regulations are there for a reason—to make any community an all-encompassing wonderful place to live. And in addition to rules and dues, so many other great things are offered in HOA-managed communities. Wondering what are the benefits of an HOA? Look no further. Here are six of our favorite HOA benefits that everyone should know about.
What are the Benefits of an HOA?
Whether you're looking for amenity features, a safe place for your family, or a calendar of events to connect with neighbors and keep you busy, there's likely something that an HOA can do to appeal to your wants and needs. Explore a few examples of the benefits of a homeowners' association below:
1. Consistent property values.
One of the main reasons people buy into an HOA is due to the consistency of property values. An elected board of directors is there to help you protect your investment—and ensure that investment maintains its value. All owners must comply with the community guidelines related to the upkeep of their lawns, homes, and personal property. This is not only for a homeowner’s benefit but also for the benefit of the entire community. Board members live in the same association, and they want to see it thrive as much as you do.
2. A culture of activity.
In a community with an HOA, there’s something for everyone to do. From barbecues to board meetings and HOA committee involvement, there’s plenty of opportunities for neighbors to get together, meet each other, create personal bonds, and do good for their community. It’s an environment that fosters engagement in fun activities and association duties.
3. Sense of belonging.
The biggest emotional perk is a real sense of togetherness. Whether it’s a condominium association or a master-planned community, you, your neighbors, and your association team are in it together. This HOA benefit can be especially crucial for people who don’t have family close by, as neighbors often become their chosen family. Additionally, those who live within a community often have similar lifestyles, which helps build camaraderie.
4. Selection of amenities.
Depending on the type of community you live in, you can be sure to find amenities that suit your lifestyle. Walking paths, pools, recreational areas, pickleball courts, gyms, and parks are just a few of the features that you're likely to find in many communities. Great for families, seniors, and young adults, there’s something in every HOA that can get you moving and offer an outlet for you to relax and rejuvenate.
Amenities are one of the best parts of HOA living. Check out a list of the top 10 most wanted features to see what you may find in your association!
5. Standards of compliance.
There are guidelines that all homeowners must comply with, and buyers should make themselves familiar with the governing documents before signing on the dotted line. Typically, associations will not tolerate unruly behavior—whether it’s a rambunctious late-night party in someone’s backyard or a clear disregard for architectural rules. There’s a board set in place to mediate neighbor disputes and set forth consequences when things go wrong.
6. Common area maintenance.
A well-maintained community isn’t just nice to look at, but also easy to live in. There’s harmony and peace that derive from trimmed trees, blooming flowers, and a garbage-free landscape. A community’s well-being is important, and knowing that there are maintenance services to take care of any issues eases the burden of homeownership. Faulty equipment and damage to exteriors is no longer your responsibility. You've covered the costs of having someone do all the work for you!
So, Are You Ready to Experience The Benefits of a Homeowners' Association?
There are many HOA benefits that can enhance your lifestyle, but do you really know if you’re prepared for the change? Moving into a community governed by a homeowners’ association is a very big decision. Take some time to explore additional details if you're still on the fence about shifting your situation. For some help, check out our post, “Are You Prepared for Homeowner Association Life?” to find out if it’s the right fit for you.