There are over 2 million homes in HOAs in Texas, which speaks volumes about how popular this type of community living is.
Before moving into a development run by a homeowner's association, it's important to review the HOA's governing documents and fees. You must pay these dues and abide by the rules when you buy or rent a home in a HOA community.
In return, you'll get to enjoy several HOA-living benefits. Keep reading to find out what they are.
1. Appealing HOA Amenities
The most often-cited reason for buying a home in an HOA is the availability of desirable on-site amenities. Most HOAs feature:
- Swimming pools
- Communal gardens
- Children's play areas
- Fitness centers
- Co-working spaces
All homeowners who belong to the community can use these facilities, provided they pay their HOA dues. These fees contribute toward the upkeep of these facilities.
In this way, community members enjoy an enhanced lifestyle without the high costs.
2. Ongoing HOA Maintenance
One of the most vital and time-consuming HOA responsibilities is keeping shared spaces in immaculate condition. They must inspect these areas regularly for problems, arrange repairs, and take care of ongoing maintenance.
In many cases, the HOA board appoints a HOA manager to stay on top of these tasks, negotiate the best prices, and oversee the work.
3. Homeowner's Association Rules
All HOAs have far-reaching rules and regulations. These regulations help maintain order in the community and protect property values.
While some people feel smothered by an abundance of rules in their community, a recent survey shows that most HOA residents believe that community rules protect property values.
Most HOA rules apply to the exterior appearance of the buildings and yards.
While it's disappointing not having carte blanche when it comes to exterior paint colors, it's good to know your neighbors can't paint their walls a gaudy color that detracts from the neighborhood's appeal, either.
4. Community Involvement
Community meetings aren't everyone's favorite cup of tea, but you'll find yourself involved in many more pleasant gatherings as part of an HOA.
Regular get-togethers help bring neighbors together, fostering a sense of pride in the community and positive neighborly relations. This helps create a friendly, cooperative vibe and enhances safety in the community as residents look out for each other.
5. Protects Property Values
All the above factors work together to enhance the appeal that HOA communities hold for homeowners, especially with an experienced association management team at the helm.
Living in an HOA means you can charge a higher rent for your home if you decide to rent it. You may also enjoy a good return on your investment if you decide to sell the home.
The Ultimate Solution for HOAs in Texas
At PMI Values Your Casa, we aspire to deliver exceptional service to HOAs in Cypress, TX, backed by years of experience in real estate and property management.
If you're an HOA board member, you know that managing a community is a time-consuming task. You can free up your time and rest easy knowing your community is in good hands.
Call us today to discuss your homeowner's association needs.
