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A Beginner's Guide to HOAs

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4 BENEFITS TO LIVING IN AN HOA While purchasing a single-family home, condo, or townhome that's part of an association isn't without extra cost, there are numerous benefits to being part of an HOA. Below are some of the general benefits of living in a managed community. 1. HOAs protect property values. The value of your home is affected by those surrounding it. When every homeowner keeps up the appearance of their own home and yard, it helps protect everyone's property values. HOAs ensure uniformity within their area of authority and prevent one or two rogue owners from lowering the entire neighborhood's value. 2. HOAs give you access to better amenities. Part of your HOA assessments typically go towards building and maintaining community amenities that are shared equally among members. These amenities can vary but may include: • Clubhouses • Gyms • Pools • Parks • BBQ Pits • Walking Trails 4. HOAs can resolve community disputes. If there's ever an issue resolving community conflicts, your HOA can be an invaluable resource for fixing the problem. Whether it's enforcing an existing rule or helping homeowners come to a mutually agreed-upon resolution, your HOA can be an advocate for everyone living within the rules and regulations of the community. 3. HOAs provide rules and regulations that promote good community citizenship. A well-run association provides the proper framework for a great living experience. They establish rules and regulations that eliminate many problems like loud music, barking dogs, and unkempt lawns. Offering guidance on shared meeting spaces, common area occupancy, and amenity usage, neighbors have equal opportunities to come together, socialize, and help one another—promoting good citizenship across the community.

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