The Benefits Of Living Under An HOA

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The Benefits Of Living Under An HOA

When you are shopping around for a new house to live in, you will come across all different types of areas, including gated communities and homeowners associations (HOAs). With a lot of newer developments and planned communities, you will notice that they are run under an HOA to help enforce a lot of the rules and to keep the community running as smoothly as possible. If you are looking into living in an HOA but you aren't sure if it's going to be the right fit for you, here are a few benefits of doing so. 

Access to Community Areas

Typically, HOAs will give you access to private community areas such as swimming pools and gyms, which means that you can cancel your gym membership and save money that way. The great thing about having an HOA-run gym and pool is that only people in your small community will have access to these amenities, so you shouldn't have to worry about things like overcrowding. 

In addition to giving you access to community areas, the HOA will also make sure that all community areas (including common areas like parks) are well-landscaped and groomed at all times. If you ever have complaints about how any of the common areas are being managed, you can just reach out to the association management team and they can address the complaints for you. 

Cleaner Front Yards

If you have ever driven through an area that has people who have cars and couches on their front lawn, then you may cringe every time you think of having new neighbors. When you live in an area run by an HOA, they will have certain restrictions and guidelines regarding the appearance of the exterior of your house, including all things like the landscaping. This means that you can plan on all of your neighbors having houses and lawns that look presentable and meet all of the HOA standards.

Higher Real Estate Value

Because every house in an HOA has to meet certain requirements and has to look nice, it can help increase your property values, which is great if you ever want to resell. When future buyers drive through your area and notice that all of the houses and community areas look nice and organized, they are more likely to remain interested in the area and see the value of living in it. 

Living in a community that is run by a homeowners association management company or team is not for everyone, but it might be worth looking into for yourself. 

To learn more, contact an association management team near where you want to live.

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In Real Estate, It Pays to Have a Plan Real estate purchases are big purchases. You may pay several hundred thousand dollars, or even more, for a property. As such, there's not a lot of room for error. If you buy a house that needs a lot of unexpected work or end up in over your head when it comes to the mortgage, your dream home can quickly turn into a nightmare house. We want to help you avoid scenarios like that, which is why we share so much information about real estate on this blog. Our readers emerge more informed on a wide array of topics, from buying to closing.