There are plenty of pre-conceived ideas of what it means to live within a homeowner's association. But despite all the assumptions, HOAs provide so much more than rules and regulations to live by, and the benefits extend far beyond ''policing''.
One of the most notable benefits is HOA home value and how it can actually skyrocket when you live within an association. It's no secret that the more desirable a neighborhood, the better your home value. This is essentially what an HOA does for you.
Learn more about how HOAs benefit home value in this blog.
1. Regular Home and Area Maintenance
One of the roles adopted by an HOA is to provide regular maintenance of your property, as well as your surrounding neighborhood. To add to this, all of this maintenance is uniform and pre-scheduled, meaning that every home within an HOA is maintained to the same standards. The same goes for every single street within your neighborhood.
You can bet your bottom dollar that you won't find a chipped window frame or unruly lawn within a huge radius of your home. All of this makes for improved home value and is a brilliant selling point for potential buyers.
2. A Desirable, Luxurious Neighborhood
One of the most significant reasons an HOA improves your home value is because of the aesthetic appeal within a homeowner's association. When it comes down to it, these neighborhoods have a desirable, luxurious feel to them that will entice any home buyer.
HOAs also enforce architectural/design guidelines to ensure that all homes within the neighborhood fit into a certain type of aesthetic, thereby maintaining the appeal.
A study conducted by the National Association of Realtors states that homes within an HOA tend to be worth 5-6 percent more than non-HOA properties.
3. HOA Regulations Protect Your Home
What homeowner doesn't want the reassurance that their home is well-protected? This is what the guidelines and regulations enforced by an HOA offer. There are certain regulations related to noise management, visitor and resident parking, running home businesses, and other behaviors that can impact the environment.
The community bylaws that HOA residents must follow help to protect the integrity of properties and the local community. Which, in turn, boosts home value.
4. Emergency Maintenance is Always On-Hand
A large portion of the HOA fees and funds that residents contribute go toward the maintenance of the community. As well as emergency maintenance services. These reserve funds are essential when a contractor is required on short-term notice to repair home or community issues.
Basically, this is a guarantee that no home or community amenities will remain out of working order for very long. This keeps the HOA neat, tidy, and aesthetically beautiful year-round. A direct result of this is the fact that your home is constantly well-maintained and worth every single penny.
Want to Tap Into the Benefits of HOA Home Value?
If you're thinking of purchasing a home within a homeowner's association, let this blog on HOA home value be your inspiration. There's no denying that it's one of the best home investments you could make.
Want to learn more about homeowner's association management in Sugar Hill and what it includes? PMI Property Management is your go-to in Northeast Atlanta.
