Living in a Neighborhood with an HOA
If you’ve purchased a home in an association or are thinking of buying in this type of neighborhood, here are just a few benefits to HOA living:
Standard Expectations – All owners are governed by the same legal documents and rules within the community. This means everyone is held to the same requirements and there is a mutual understanding of what’s expected within the neighborhood. No one is stuck living next to a “problem house” as there are processes in place for enforcing the rules. Your Board members and Management are tasked with applying the rules evenly for all owners and responding to concerns in a timely manner. Each community is different, so it is important for owners to understand that living in one HOA can have a totally different feel from a home they purchase in a different HOA.
Community Culture – Owners look to the HOA leadership for a sense of community culture. What is the neighborhood’s look and feel? How does it distinguish itself from the community across the street? Why would someone choose to buy a home there? Board members and owners can work together to make the neighborhood truly feel like a community.
Amenity Maintenance – The Board is tasked with setting aside reserves for long-term maintenance of the community’s amenities, such as the pool, clubhouse, streets, and common buildings. With proper planning, this means that when it comes time to refresh or replace the amenities, the association has the money to do so. The aesthetics of the community are preserved for the future.
Neighborhood Governance – HOAs are governed by volunteer owners, so the people making important decisions live in the neighborhood and best understand its needs. A professional management company can help guide the Board as well. Communities with only city or county oversight do not have the benefit of a dedicated group of neighbors enforcing guidelines and instilling the community feel. There are usually opportunities for owners to volunteer on committees, so there are ways for owners to participate without serving on the board but to play an important role in decisions affecting the community.
While these benefits outline many of the bonuses of living in a neighborhood with an HOA, there are many more. Do you live in a neighborhood with an HOA? What benefits do you enjoy? Email [email protected] to be featured on our Facebook page https://www.facebook.com/aperionmanagementgroup/.
Standard Expectations – All owners are governed by the same legal documents and rules within the community. This means everyone is held to the same requirements and there is a mutual understanding of what’s expected within the neighborhood. No one is stuck living next to a “problem house” as there are processes in place for enforcing the rules. Your Board members and Management are tasked with applying the rules evenly for all owners and responding to concerns in a timely manner. Each community is different, so it is important for owners to understand that living in one HOA can have a totally different feel from a home they purchase in a different HOA.
Community Culture – Owners look to the HOA leadership for a sense of community culture. What is the neighborhood’s look and feel? How does it distinguish itself from the community across the street? Why would someone choose to buy a home there? Board members and owners can work together to make the neighborhood truly feel like a community.
Amenity Maintenance – The Board is tasked with setting aside reserves for long-term maintenance of the community’s amenities, such as the pool, clubhouse, streets, and common buildings. With proper planning, this means that when it comes time to refresh or replace the amenities, the association has the money to do so. The aesthetics of the community are preserved for the future.
Neighborhood Governance – HOAs are governed by volunteer owners, so the people making important decisions live in the neighborhood and best understand its needs. A professional management company can help guide the Board as well. Communities with only city or county oversight do not have the benefit of a dedicated group of neighbors enforcing guidelines and instilling the community feel. There are usually opportunities for owners to volunteer on committees, so there are ways for owners to participate without serving on the board but to play an important role in decisions affecting the community.
While these benefits outline many of the bonuses of living in a neighborhood with an HOA, there are many more. Do you live in a neighborhood with an HOA? What benefits do you enjoy? Email [email protected] to be featured on our Facebook page https://www.facebook.com/aperionmanagementgroup/.
