Pros and Cons of Moving Into An HOA Community

Pros and Cons of Moving Into An HOA Community

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There are a lot of things to consider when moving into a HOA community .

Families like to keep an eye on the prestige of school districts.  Young professionals like knowing what’s nearby.  And, everyone is concerned with picking a safe community in which they can feel welcomed.

A lot of features can make a neighborhood feel more put together, and a lot of those can come as a product of a Homeowners Association (HOA Community).

HOAs are a typical way for certain communities to keep properties up to a certain standard.

Let’s go over the pros and cons of an HOA community, and what exactly being a member of these organizations means for you as a homeowner.

What is a Homeowners Association?

Real estate developers form homeowners associations for the benefit of the properties in a designated area.

The HOA is allowed to dictate conditions for residency in that area, including restrictions on decor, upkeep, and other choices.

The experience of living in an HOA community comes with dues, meaning some sort of monthly fee that goes to the organization for their efforts.

The idea behind the fee is contributing to the enforcement of a standard of living that does not change, no matter who moves in or out.

Of course, there are some pros and cons to this sort of arrangement.

Highlighting the positive and negative aspects can hopefully help you determine whether an HOA community is right for you or whether it may bring additional stress to your life.

Pros to Living in an HOA Community

The obvious pro to living in an HOA community is the certainty that all homes in the neighborhood will look their best.

Not only do homeowners need to keep HOA Communitytheir homes to a certain standard but common areas are also upkept to ensure a great looking community for all.

As a member of an HOA, homeowners need to keep and maintain their lawn and yard to ensure it looks attractive.

Likewise, things like decorations and other exterior elements of your home are kept to a certain standard.

However, this standard is put in place to avoid things like a crowded yard or distracting homes on the block.

Overall, the goal of an HOA community and its guidelines is to provide homeowners with two certainties.

One, that every home in that community is safe from being devalued by the poor choices of neighbors.

Additionally, the second certainty is a certain state of the community.

Because of guidelines and regulations, homeowners in an HOA community can know exactly what to expect from living in a particular neighborhood.

Cons to Living in an HOA Community

Depending on the homeowners, an HOA community and its regulations could be a negative rather than a positive.

There could be restrictions by the organization, on things such as lawn care, yard decor and even things like driveway and street parking.

It is possible that there could be a lot of things you are not allowed to do in an HOA community.

If these guidelines seem to limit your ability to utilize your home and property as you see fit, this may be a concern.

Come holiday season, certain decorations might even be limited.  The HOA may only allow you to put out certain types of lights, plants or ornaments.

The HOA holds the authority in telling you what you can and can not place outside of your house.

The concern some have in the early stages of considering an HOA community is the option to make changes to the rules. However, when you move into an HOA community you can not make changes to the rules and regulations on your own.

Another major consideration is the dues.

A mortgage is an important thing to include in your budget, but HOA dues cannot get forgotten either.

Dues can range in price, anywhere from a $50-$100 fee per month, or up to four figures for nicer areas.

Unfortunately, if you don’t pay these dues, the HOA can evict you from the area, so it’s important to know when they are due and make sure to stay on top of them.

Lastly, an HOA community might not allow certain non-traditional member of the family like pets.

Dogs can mark yards and cause noise issues with excessive barking.

So make sure to check and see if there are limitations to four-legged members of the family before moving into an HOA neighborhood.

Is an HOA Community Right For You?

For some homeowners, moving into an HOA community is ideal.

It provides a number of benefits that allow the neighborhood to uphold a certain standard.

These practices often ensure property value increases, as well as proves to be beneficial for a possible prospective sale.

Of course, there are downsides as well.

If you think the constraints of HOA are too much for you to make your home yours, then look outside of these communities.

Final Thoughts

Hopefully, a better understanding of the pros and cons of moving into an HOA community can help you decide the right place for you and your family.

So, Knowing the pros and cons of living in an HOA community which one do you prefer to live in? One where there is no restrictions or one where there are rules and regulations that everyone must abide by?  Let us know in the comment section below.

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  • comment-avatar
    S. Harper 5 months ago

    Great information, thank you!

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