8
7
6
5
4
8
9
3
2
T H E F U T U R E O F H OA S
The HOA industry continues to grow and evolve. It's estimated that close to 5,000
new communities are built every year. With that will come new community types,
legislation, and management strategies to shape the future. Developments earning
attention include:
• Common-interest developments: Condominiums, retirement homes,
timeshares, and other developments with access to the same shared facilities
and common areas, usually governed by an association of individual unit
owners instead of an elected board.
• Mixed-use communities: Residential, commercial, cultural, institutional, and/or
entertainment properties that fit into one space, typically located in urban areas
and ideal for people who prefer to live, work, and play with convenience.
As the types of communities change, their offerings are also transforming. Future-
driven communities tout features like innovative technology solutions, electric
vehicle charging stations, and eco-friendly building renovations to accommodate
the HOA owners of tomorrow and remain competitive in the homebuying market.
Source: iProperty Management, ipropertymanagement.com/research/hoa-statistics
