Why Are HOAs So Important?
Homeowners Associations are membership groups of people owning similar houses in the same area or community. The association will have rules and regulations that had been agreed upon with the main purpose of maintaining peace, security, and harmony in the community.
What does an HOA do? Designated officers of the association shall be responsible for:
Maintenance and upkeep of the surroundings to include but not limited to grass cutting and other sanitary activities.
Ensure that security measures are in-placed to protect lives and property in the community.
Facilitate settlement of disputes and complaints among neighbors.
Assist homeowners on compliance to government regulations related to community living.
To know more about what the HOA does and its difference from a HOA management company, you can read our blog “What Does an HOA Management Company Do?”.
Homeowners may not understand how a Homeowners Association is important for their home and community. In this article, we will explain to you the importance of your HOA and how it will benefit your home.
A homeowners association (HOA) is an organization that manages the interests of the residents in a residential neighborhood. The word “association” is also used to indicate that this is not just a form of government but one that impacts the quality of life of its members. HOAs are often found in condos or planned neighborhoods, but lots where individual houses are placed side by side are also applicable for this kind of management system. HOAs aim to ensure the maintenance and the protection of each member’s house, as well as the security of the neighborhood.
Homeowners associations (HOAs) are important to any community. Their main purpose is to maintain safe residences in the area where your house resides. This is part of their job description, to help preserve communities by maintaining residential properties.
The purpose of the Homeowners Association (HOA) is to govern the common areas and common facilities (including recreational facilities) available for the use of all the individual homeowners within the subdivision or community. HOA establishes policies that will ensure that all homeowners are treated equally and fairly. HOA can also manage subdividing, creating rules for covenants, conditions, and restrictions (CC&Rs). By taking part in your community’s governance, you can help shape your neighborhood, enjoy additional amenities, stay informed about your surroundings, and protect your property values.
Homeowner associations are responsible for all types of structural upgrades to an existing home or building that is being added onto. They can help residents save money by providing building plans that require fewer materials than plans obtained elsewhere.
The main aim of an HOA is to look after the buildings and take care of all the public areas like parks, community halls etc. It is basically a non-profit organization for all residents living in that particular area. The members of this association pay certain amount of money as fees or dues to maintain all these public areas and facilities.
However, Homeowner associations have no authority over matters that have been covered by external government agencies. For example, they cannot regulate matters pertaining to schools within its jurisdiction or matters involving law enforcement officers or other city officials.
Your HOA is not only important but also very helpful. It helps you to build up some sense of ownership and it enables you to take care of your property. The HOA is the organization that looks after the properties and gives you guidelines for maintaining the property. HOA is a good way to keep watch over your neighborhood and the people staying there so that everyone gets along well, and no one causes any harm to others.
The people who live in a neighborhood with an active Homeowners Association are the ones who want to take care of their community. The HOA is not there to tell you what color to paint your house or what kind of car you can drive; it is there to help the neighborhood maintain high standards that ensure that all residents can enjoy living there.
A well-managed HOA usually has a set of rules that it enforces, rules that all the neighbors have agreed upon. Having rules for your neighborhood helps keep it safe and secure. It also prevents problems or disputes from building up. If everyone knows what is expected, they are less likely to do things that will annoy their neighbors.
If an owner decides not to follow the rules, he may lose the privileges as a member of the association (such as access to common areas). If everyone follows the rules, then communities with HOAs tend to be cleaner and safer than most neighborhoods.
The importance of your HOA cannot be overstated; without them, maintaining healthy neighborhoods would not be possible. No one can deny the importance of homeowners' associations since they are the major factor that makes or breaks a neighborhood. You should know their role, perks, and benefits that they bring into the neighborhood.
A Homeowners Association is essential to maintain the value of your property, to attract neighbors with similar standards, and to ensure that you are living in a maintenance-free community. They provide a framework for maintaining a high quality of life in a community, and for dealing with situations that affect the entire community. The advantage of having an HOA is that there are rules already in place that you will need to follow. You will not have to reinvent any wheels or spend much time establishing the rules needed to keep your neighborhood thriving.
Your HOA may be as successful as it is, but it is always useful to seek advice or help from professionals. Aquity Management Group is responsible for consistently maintaining a high standard of living within our community. Our residents’ satisfaction is our top priority, and we plan events and provide amenities for exactly that purpose.