The Benefits Of An Home Owners Association
1. HOAs help protect your property value. The HOA will keep an eye on the homes in the community to make sure that all homes are being maintained. This means that any neighbor who is letting their yard go or paints a part of his home a color that is not typically considered an acceptable color by the general public will be contacted by the HOA management company or board and given a reminder that they have to follow the rules that are filed at the Clerk of Courts Office.
2. They will help maintain common areas. In many of our communities like Parks At Water Oak, we offer community green spaces for families to use and enjoy. The HOA will keep the grass trimmed and the space tidy for you. Also, for communities like Woodstock Park that will offer a community pool, the HOA will maintain the pool upkeep as well as the bathrooms and any ponds in the common areas!
4. They will help provide visionary planning. A responsible HOA sets aside funds for future projects that benefit the neighborhood, like repaving the roads for communities with private streets, improving the landscaping, or adding amenities that are approved by the homeowners. The quality of your community is protected when this type of visionary planning is an ongoing concern of the HOA.
Like your mortgage itself, the HOA fee is an investment in your home and the surrounding community. Be sure to ask about the HOA and its rules when you’re looking at homes. Learn how active and collaborative the organization’s leadership is with the residents.