As many as 75% of Americans dislike at least one of their neighbors. It's not easy to find the perfect neighborhood, but living in one with an HOA will often help.
An HOA will work to oversee a community and make it a more pleasant and enjoyable place to live. Not everyone lives in a community with a homeowners association, but those who do can benefit from them in several ways.
Keep reading for a rundown of some vital HOA benefits you should be aware of.
1. Keep Property Values High
One of the most well-known benefits of an HOA is that it helps maintain strong property prices in the area. Anyone who invests in a home wants it to gain value, and almost everything that an HOA does will help with this.
HOAs make neighborhoods more desirable, so people will generally want to move into them. This helps keep house prices on the rise, so you're far less likely to lose money on your investment.
2. Access to Community Amenities
These can vary between different communities, but most HOA communities offer a range of amenities that residents can use. This often includes things like:
- Swimming pools
- Gyms/fitness centers
- Tennis courses
Having all these is great for residents as they can access quality facilities without having to travel far. They're also generally better maintained and safer than public facilities.
3. No Need to Work on Landscaping
HOA boards are responsible for maintenance and landscaping within their community. As such, residents don't need to worry about this themselves.
This can save people a lot of time, and it also often leads to better results. An HOA board will find suitable contractors to carry out landscaping work so that it meets high standards. Working with professional HOA services can help your HOA find these contractors and get the best deals.
4. No Need to Deal With Bad Neighbors
No matter how much you love living somewhere, bad neighbors can ruin it. Within HOA neighborhoods, there are certain rules and regulations that everyone must observe. These are in place to benefit everyone and will help ensure you don't have to deal with bad neighbors.
If someone regularly hosts loud parties, for example, the HOA board will be able to take action. By ensuring all residents stick to the rules, everyone can enjoy the peace of their neighborhood without disagreements arising.
5. Opportunities to Socialize
HOAs make an effort to improve the culture and standard of living in their community. This often involves organizing activities and social events for residents.
Anyone living in an HOA neighborhood will get more chances to interact with their fellow residents. This can help build friendships within the community that may otherwise have never developed.
How an HOA Management Company Can Improve These HOA Benefits
These HOA benefits are great, but they'll only be fully realized if an HOA board can stay on top of everything, and this is often difficult. PMI South Florida offers professional HOA management services that can help your community thrive. Take a look at our Association Management page today to learn more about how we can help your community.