In the United States alone, nearly 74 million residents living in a homeowners’ association. While most of these locations exist in California, Florida, and Texas, there are thriving HOA communities all over America.
A homeowners association (HOA) is a nonprofit organization tied to one designated neighborhood or residential community. HOA management companies serve to help manage the community, including maintenance, recreation, and planning-related tasks.
To better serve their communities, there are often HOA rules and regulations that homeowners agree to abide by when joining the organization. There are also dues or other fees typically associated with membership.
However, there are a wide variety of amenities that come with being a part of these groups.
These benefits vary by location, HOA management company, and type of community. But overall, there is something that can make anyone’s residential life just a little bit better.
For five of the best benefits to living within a homeowner’s association, keep reading!
1. The Range of HOA Amenities Available
One of the primary purposes of a homeowners association is the amenities it provides to the community. Of course, this varies for many factors, including community size and resident demographics.
In addition to resources, each homeowners association will have its own set of goals for the community. For example, active-living communities for seniors may prioritize very different amenities than a family-heavy HOA with many young children. Each community has it’s own set goals and hoa rules set by its governing body or HOA board.
But with the right community that matches your personal needs, residents can enjoy benefits like:
- Swimming pools
- Gyms and fitness centers
- Bike paths
- Basketball and tennis courts
These are just a handful of the potential amenities your HOA may offer.
2. Community Mindset
Another significant benefit of Living in a homeowners association with HOA management is the sense of community.
This is what separates these types of residential areas from traditional neighborhoods. The HOA and all of the benefits that come with it help to tie the community together. In turn, it creates a community with a friendly and neighborly atmosphere.
This is especially beneficial for families with small children and seniors living in the later stages of their lives. Everyone has a common ground, providing an easy opportunity to get to know each other.
With shared recreation areas and a common interest in promoting the community’s well-being as a whole, it’s easy to forge lasting bonds among neighbors.
3. Higher Property Values
One of the most well-known benefits of a homeowner’s association is its ability to raise property values. This is possible through the enforcement of HOA monthly dues and using those funds to ensure well-managed properties ultimately improve home values.
HOAs often bring rules and regulations that require all neighbors to keep their property well-maintained. It keeps the entire community desirable and helps protect the investment you put into your home.
Furthermore, it may help you sell your home by attracting more potential buyers. This is especially true with HOAs that offer great amenities—you can enjoy them during your time within the community and use them to help sell your house should you decide to move.
4. Like-Minded Neighbors
By joining a community with proper HOA management, you can rest assured that you will be amongst like-minded people. Everyone shares a common mindset—protect the values and residents of the neighborhood.
You may hear of those who talk negatively about HOA rules and dues. But if they are unwilling to contribute to the community in this way, they will seek other neighborhoods to live in.
Instead, the neighbors making up HOA communities tend to be much more like-minded. There is a common goal of connecting residents and making it easier to bond over mutual pursuits.
Furthermore, there is recourse available in the event of any issues with neighbors. Involving the HOA with any residential disputes ensures there is a neutral middleman that can help create resolutions.
Often, just having a mediator present can help to calm down heated debates. They can help develop a compromise that can benefit both parties and prevent the issue from growing larger.
The HOA can also enforce its rules that may have caused the disagreement in the first place. This means you do not have to act as the community policeman and leave enforcement actions to the HOA management company authorities.
There are also usually anonymous complaint options within the HOA if you would like to draw attention to a matter without causing a personal conflict.
5. Fewer Maintenance Responsibilities
Another major benefit to a homeowner’s association is the collective maintenance tasks lifted from the residents.
While it’s true the costs of these tasks are built into the HOA fees, many communities take tedious tasks off the plates of their residents. This allows for more time to focus on what really matters.
Each community will vary in the amount of responsibility lifted from individual residents. This also relies on how the HOA itself is managed. Groups that are self-managing an HOA may not be as efficient in taking care of routine maintenance tasks as compared to a seasoned company of HOA managers.
How Can a Homeowner’s Association Work for You?
With this guide, you will understand the biggest benefits of living within a homeowner’s association.
The key to a successful HOA that properly meets the needs of its residents is a great management company. For California residents, there is an easy solution that can help improve your neighborhood.
Silvercreek Association Management has a trusted team of HOA managers ready to make a difference in your community.
Contact us today for more information or to request a proposal for your own community!