Why Buy in an HOA Community?

by William Fear 02/09/2020

Photo by Robert Arthur Designs via Shutterstock

If you’re moving to a new city, particularly an area with new development, you may discover that most homes are part of a homeowner’s association. If you’ve never been part of one before, you might not understand their function and why they are useful within a neighborhood.

When an association functions properly, it improves the value of homes in the community. The rules and conditions keep your neighbors from infringing on your rights and vice versa.

Here’s a brief list of how your HOA benefits you:

  • It handles disputes between neighbors, so if your neighbor’s tree falls on your fence, the association mediates getting your fence repaired. Rules regarding approval for changes, renovations or upgrades to exteriors keep your neighbor from adding a second story that blocks your lake view or changing their exterior to a particularly obnoxious shade of orange.
  • It gives access to and maintains shared or common property. Typically, playgrounds, pools and parks fall into this category. In the case of condominiums and patio homes, the HOA often handles repairs to the exterior, roofs, elevators, garage doors and fences. Entry doors, hallways, and security also often fall under the jurisdiction of the association.
  • Many HOAs hire a property management service to take care of entry gates for a gated community, make agreements for waste removal and negotiate with the city regarding rezoning that might affect your home.
  • In some cases, HOAs handle the landscaping on the front of your home so that you only take care of your enclosed back yard or patio. For busy homeowners, this is quite an advantage. Other associations merely govern how long you can let your grass grow. This protects you from a negligent property owner that doesn’t take care of the house down the street.

While some of the rules may seem onerous, quizzing longtime residents can give insight into why one or another was added. A rule about basketball hoops in the driveway might make it seem as if they don’t want your kids playing out front. But perhaps the rule resulted from a freak windstorm that sent a freestanding basketball hoop across the street and through a neighbor’s window. Unless you ask, you don’t know.

Take time to attend your HOA meetings and become involved in the community. Even run for office and make your voice heard. If you have questions about living in an HOA community, your professional real estate agent can answer them.

About the Author
Author

William Fear

Residential, Commercial and Investment & Concierge Services

Accomplished Broker, Bill Fear has acquired his extensive real estate knowledge by experiencing all economic market cycles during his 25 years as a licensed Real Estate Broker. This valued experience will enable Bill to bring your desires and dreams to a successful closing.

His related experience is comprised of: working as an Appraiser, Loan Officer, Property Manager, Investment Property Analyst. He is Nationally Certified as a Buyer and Tenant Representative, Senior Real Estate Representative, and a Negotiation Expert. Among his numerous Realtor designations, he is the recipient of the prestigious University of Michigan Alumni Realtor (RAM) designation, that encompassed the following diciplines: Real Property Law - Residential Construction & Development - General Business - Marketing - Taxation - Accounting - Computer Skills - Economics - Communications - Finance.

Bill’s success is attributed to is his genuine concern for helping people. His patience, determination, and strong work ethic has helped him grow a business that is highly referred-based.

Besides being recognized by the National Association of Realtor and the Michigan Commercial Board of Realtors. Bill also holds designations as a Nationally Certified as a Senior Real-Estate Specialist,Negotiation Expert, Buyer and Tenant Representative, As Graduate of the Real-estate Institute, he holds the GRI Realtor impressive designation, certifying his competence He is a candidate for the Certified Commercial Investment Member (CCIM) commercial designation.

Bill stated “I’d like to think of ourselves as a company people want to work with. They want to buy from us. We don’t sell to people…people buy from us. We provide a service. And we’re compensated for what we provide. My personal and professional development increases my ability to give more, by helping people get what they want.”