Whether you love HOA’s or not, there is no denying their benefits! Wouldn’t it be ideal if there was an entity in place to insure that your property values were being looked after? Great news! That is the purpose of an HOA. An HOA will hire a management company, such as Diversified Association Management, to insure that all residents are following the covenants set forth for your community. If you live in a townhome or condominium, your dues pay for the exterior maintenance to not only your home, but to all of the common areas in your community. If you live in a single family home HOA, your dues pay to maintain the common areas as well. When a home, townhome or condominium is not maintained, it has a negative effect on the neighboring homes.
The benefits of living in an HOA are countless. Your property value is the highest priority. Maintenance of the common areas is provided by a contractor, but the cost is shared by all homeowners. Some HOA’s have amenities that include a clubhouse, fitness center, courts, pools, BBQ pits, and much more. Of course, the HOA dues would be higher when living in a community with amenities. The HOA will also act as a mediator if difficult situations arise between neighbors. Most importantly, HOA’s help build a sense of Community. The goal is to create a friendly and healthy living environment.
Covenanted communities exist for one primary reason: to preserve the value of our homes and appearance and attractiveness of our community. The golden rule to remember: Don’t do or fail to do anything to your home that would diminish its value or that of neighboring homes.
Thanks for reading!
Shayne Hall CMCA® - Principal/Senior Community Manager