3 Advantages Of Living In An HOA
A homeowners’ association (HOA) is an organization in a subdivision, planned community, or condominium that makes and enforces rules for the properties and their residents. When you buy a property in an HOA, you become a member of the community and are required to pay dues, known as HOA fees. Living in an HOA has its advantages, we have listed 3 that we feel are important.
Being in an HOA has its perks. You are given access to various amenities available to HOA members only. These could be a variety of benefits including: gym, swimming pool, clubhouse, trails, gates, and more. All of these benefits vary depending on where you plan on living. Visiting the location and getting a feel of the amenities and the amount you want to spend will be the determining factors.
2. Clean Community
Living in an HOA means that you have to follow rules regarding what you can and cannot do on your property. This means you can’t paint your door or home any color you want. However, this also means that your neighbors will have to follow those same rules. Your homeowner’s association also won’t allow for your neighbor’s lawn to look like a forest. Similarly, the HOA will keep your division entrance looking in top shape.
3. Increases home value
Rules and regulations established by your HOA also provides a safety net for your investment. If you plan on selling your home in the future, these rules and regulations will help keep your home’s value. The primary purpose of your homeowners association is to ensure that an individual or group of individuals cannot negatively impact the market value of homes in the neighborhood.
How Can We Help?
Being a part of an HOA has plenty of benefits, we have listed only a few here. If you need more advice or have any further questions regarding HOAs in Raleigh, NC, feel free to Contact Us. Established in 1989, Wilson Property Management, Inc. (WPM) is a full service management company offering both homeowner association and rental management.