What You Can Gain From Living in an HOA Neighborhood
What are HOAs good for? Several things, as it turns out.
Homeowner associations sometimes get a bad rep, but there are several great benefits to living in an HOA neighborhood you should keep in mind. First, neighborhoods that are overseen by an HOA board are subject to covenants, codes, and restrictions designed to keep the area well maintained. An HOA does charge fees to residents, but they’re used to keep the neighborhood amenities up to date. The collected fees also act as a savings account, allowing neighborhood-wide repairs to be completed without increasing the residents' dues. By looking out for the homeowners’ best interest, they also keep home values high.
If you have any more questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.