If you have found a property that you really like and are considering purchasing for your family, but it has a home owners association, then you may be a bit put off by this if you aren't all that familiar with what it means to live under HOA management. However, this can actually be a very good thing, and learning about some of the benefits HOAs offer may make you feel better about going through with the purchase of that property. Here are just some of the benefits you can expect when living in an HOA run community.
Protected property values: When you live in an HOA controlled community, you will be able to rest assured that you will have better protected property values when the day comes that you want to put your home on the market. This is due to the rules regarding proper upkeep and maintenance to the homes within that community.
Well-kept amenities throughout the community: As a resident of the community, you and your household members will have access to all of the community amenities such as tennis courts, basketball courts, barbecue areas, gyms, small parks and even walking trails. All these areas will also be kept clean and be taken care of properly.
A safer neighborhood: When you live in this type of community, it may be fenced to ensure only residents and their invited guests can enter. However, even the unfenced ones tend to have sidewalks for your enjoyable strolls and street lighting so you can see the area well at night.
Rules that keep everything looking good and running smoothly: When there is an HOA in place, there will also be rules and standards that everyone will need to follow. These can cover things such as not allowing debris to gather in one's yard, not painting the exterior of a home an odd color, not letting weeds get out of hand, not having broken down cars gathered on the property and more. This helps keep the entire community looking better.
All the property will be well-maintained: The HOA will make sure the pool is kept clean, the common areas are clean and have fresh looking paint, the streets are clean, burned out lights are promptly replaced in outdoor areas and more.
A better sense of community pride: Communities with an HOA in place generally tend to have a better sense of community pride. This can partly be due to everyone living so close to one another and due to everyone getting to know one another when enjoying the various amenities.