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If you’re moving to a new city, particularly an area with new development, you may discover that most homes are part of a homeowner’s association. If you’ve never been part of one before, you might not understand their function and why they are useful within a neighborhood.
When an association functions properly, it improves the value of homes in the community. The rules and conditions keep your neighbors from infringing on your rights and vice versa.
Here’s a brief list of how your HOA benefits you:
While some of the rules may seem onerous, quizzing longtime residents can give insight into why one or another was added. A rule about basketball hoops in the driveway might make it seem as if they don’t want your kids playing out front. But perhaps the rule resulted from a freak windstorm that sent a freestanding basketball hoop across the street and through a neighbor’s window. Unless you ask, you don’t know.
Take time to attend your HOA meetings and become involved in the community. Even run for office and make your voice heard. If you have questions about living in an HOA community, your professional real estate agent can answer them.
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