If you are thinking of moving into an HOA, you must first know its pros and cons. An HOA is a group of homes supervised by a board of members. The families living in an HOA have to abide by a set of rules to maintain the environment of the place. HOA board members often hire Scottsdale HOA management companies to ensure that everything is in place.
An HOA offers various amenities and is a good choice for families who want to raise their children in a safe environment. However, you may have to compromise regarding a few things as well. Make sure to learn about each advantage and drawback before deciding to buy a house in an HOA.
Living In An HOA: Pros
Amenities
The best part about an HOA is probably its amenities. Different HOAs have different amenities. The better the facilities, the higher are the monthly fees. If you love to play golf, swim, walk your dog in the park, play with your children, hang out with your friends in the clubhouse or play basketball, you can find these amenities in your community. Only members of an HOA are entitled to enjoy these benefits.
Property Value
An HOA takes several measures to make sure your property value does not decrease. This, in turn, maintains the curb appeal of their association, as well as you can flourish your investment. If you want to sell your house later, you may receive a profit.
Conflict Resolution
Have you ever wanted to confront your neighbors about their annoying behavior but failed to do so because of the awkwardness? Disputes with neighbors are not easy to resolve, especially if you have a fear of confrontation. In such cases, you can file your complaint to the HOA board and ask them to take action instead of doing it yourself.
Living In An HOA: Cons
Risk of violation
Anyone who has lived in an HOA knows about the struggles of accidentally violating a rule. To maintain safety and high quality of life, the board enforces specific rules and regulations that everyone should abide by. Anyone who fails to do so may have to pay a fine.
Limited choices on home exterior and landscaping
To maintain the curb appeal of their association, HOA board members enforce rules about how you can renovate the exterior of your house and do the landscaping. For example, you may not be allowed to paint your home a certain color or plant a certain tree, etc.
Expensive
Some HOA’s may be expensive depending on what types of amenities they offer. As mentioned above, more amenities equals a higher price. However, you do get services in return.
