When you consider purchasing a home within an HOA for the first time, there are
many questions you may have. The most commonly asked question is, what are the
benefits of living in an HOA? Hi I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station. Here are the top 10 benefits of having your home with a HomeOwners Association. Number 1: You can help maintain property values: Since residents are held accountable to deed restrictions, homes and common areas are consistently taken care of and well-maintained. Having a well-kept home in a well-kept neighborhood is what makes living in an HOA desirable to a lot of home buyers. Number 2: Financial Stability – A well-managed HOA has a reserve study in place and funds available for future common area repairs and capital improvements, thereby
reducing the likelihood of needing a special assessment. And the number one benefit of
living in a well-managed HOA… Number 3: Community Connection through Volunteer
Work – Opportunities to be of service to your community by volunteering to serve on the
Board of Directors is not only a great way to make new friends, but it offers individual
members of the association a deeper connection to the community. Number 4: Added Layer of Support – When dealing with neighborhood property issues, HOAs often
partner with municipal code compliance departments to ensure adherence to the rules.
Number 5: Rules and Regulations Deter Nuisance Activity – Each resident who owns a
home in the community is held to the same set of standards for the upkeep of their
home’s exterior, as well as the adherence to noise policies, parking restrictions,
short-term rental guidelines, etc. Number 6: Increased Community Pride – Community
activities and events help bring neighbors together, which increases the pride of
ownership and HOA membership within the community. Number 7: Well-Maintained
Common Areas and Amenities – HOAs typically do an outstanding job maintaining their
common areas and amenities. This includes manicured and over-seeded common area
lawns, freshly painted walls, lighting that works and clean play areas, etc. If the
neighborhood looks good, the community feels good. Number 8: Access to Amenities –
Many communities feature walking trails, sports courts, swimming pools, barbecue pits,
and neighborhood parks that are available for resident use. Depending on the
community you choose to buy a home in, there is likely an amenity or two to fit you and
your family’s lifestyle. Number 9: Increased Community Engagement – Community
gatherings and activities such as Movie in the Park or holiday-themed festivals bring
neighbors closer together. Regardless of the community’s size, there is a sense of
camaraderie and joy among neighbors at any community event. Number 10:
Architectural Controls – Residents are required to submit for approval any modification
projects to the exterior of their home. The Architectural Control Committee (ACC)
reviews each submittal to ensure consistency and continuity with original community
design standards. I’m your Community Market Leader Sherri Echols, a helping hand for a happy home!
