Southern Tradition Real Estate
Benefits of an HOA
Updated: Jun 15, 2021
Considering whether to purchase a home in a homeowner’s association (HOA) managed neighborhood is a decision that requires some information and possibly research.
These are the top 10 benefits to living in a well-managed HOA:
We will start with number ten and work our way to number ONE!
#10 The integrity of the neighborhood’s original design is monitored. Any changes to the exterior are submitted to the architectural control committee (ACC) to be sure modifications to the exterior of homes within the neighborhood are consistent with the design of the neighborhood.
#9 Community events occur frequently within the neighborhood allowing for a sense of belonging as well as camaraderie among neighbors.
#8 Most HOA’s feature common areas that are accessible to all members such as parks, pools, barbecue pits, game rooms or sports courts, and clubhouses that often include a small gym. Depending on the community there is likely something to fit your and your family’s desires.
#7 Common areas are typically very well maintained, including manicured landscaping, freshly painted walls, functional lighting, and well-kept play areas. If a community looks good, it feels good.
#6 With neighborhood events occurring frequently, people have a sense of pride in their community and are more likely to keep up their lawns, driveways, and home esthetics.
#5 HOA members have strict guidelines to maintain the upkeep of their home’s exterior. As such everyone is upheld to the same standards regarding noise, parking, and rental guidelines.
#4 When dealing with neighborhood property issues, HOAs often partner with municipal code compliance departments to ensure adherence to the rules.
#3 There are numerous opportunities to be of service by volunteering to serve on the Board of Directors for the HOA and make new friends as well as developing a deeper connection to the community.
#2 A well-managed HOA has reserve funds available for maintenance of the common areas and capital improvements thereby reducing the need for a special assessment.
Finally, the most desired benefit to living in an HOA managed neighborhood:
#1 Property values remain intact when the neighborhoods and common facilities are well kept. Having everyone held to the same deed restrictions and standards makes HOAs desirable for home buyers.
Contact Southern Tradition Real Estate today to help you find your dream home in the best HOAs in the area. 479-365-2585 or stop by our office at 4700 S Thompson St. B101 Springdale AR 72764.