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202 Comments on Is There Value Added In An HOA?
Hi Karen,
I live in an older part of a urban center. Of course we don't have HOAs. I enjoy the blue, pink, green and yellow houses on our block. I also like the assortment of front yards, lawns, patios, planting, and water features. I'm quickly bored in neighborhoods that only have beige, grey and taupe houses with required lawns.
I one downside of not having an HOA in my book is people can build up and block the views of the home next to them.
It's wonderful that there are so many different ways to live and different choices for different people! People can choose their comfort level. Variety is the spice of life!
Steven There is no doubt about that
Jeff That has been the theme throughout this discussion and I totally agree
Liz Right on
Bob You are welcome and glad to have been of help
Kim You made the point eloquently - having choices is the best way to go
Joni Some of our HOA fees are reasonable and some aren't
Hi Karen,
Thanks. I have not posted a blog recently perhaps this is the topic I was waiting for.
Karen You can always catch up
HOA's in Las Vegas -- Needed for the most part.
The suburb I lived in outside of Chicago -- No HOA needed...
The Condo community I was just in for taking a new listing -- Waste of money considering it's over $200 a month and the Association Management company is not doing their job.
Paul That certainly could affect the sale
Many of our home-buyers are moving from out-of-state, often from big cities, where they've been dictated to by heavy local government regs AND stringent HOA's, so it's no wonder they are hesitant to move into another HOA environment. Our issue is less with non-HOA vs HOA subdivisions, but with HOA's vs rural. Rural is wide-open, and buying 10 acres sounds like a dream-come-true for many of our clients, but if a turkey or pig farm goes in next door after they've built their dream-home, not so much.
I've served on several HOA boards and highly recommend it. Some of the folks who get involved with their boards are looking for more control than is healthy; a REALTOR® on the board can help keep things in balance.
Larry Your points are very well made. There is also no doubt a realtor on the board can have the effect of keeping everything in balance
HOAs can be a pain in the butt; but if they can control the amount of knomes my neighbor puts in his yard I'm happy. I have nothing against 1 or 2, but too many of them in one area can be creepy IMO.
A major pet peeve to me is when the monthly HOA fee is rediculous, and there is no clear vision as to what they're using the money for. Value for the fee charged and a well managed HOA is key.
I also suggest that homeowners become actively involved in their HOA, and have a voice in the decisions that are being made for the community they live in.
Adell Your points are all well made
Very interesting post and great comments. I learned something here.
Wayne That certainly pleases me
I can respond to this post on two fronts, as a previous HOA president and as a home owner...
As a former board member of an HOA, I think what's important to understand is how the HOA was initially set-up, and the content of the guidelines within it. HOA's were originally formed to protect and uphold property values within a group of homesites. Nothing is worse than trying to sell a well maintained home next to one with a couch on the front porch and a car up on blocks in the driveway...I too believe in individualism, but not at someone else's expense. If you are planning on purchasing a home in a neighborhood which has an active HOA, it's your responsibility as a buyer to look into the deed restrictions listed within that document to see if they are compatible with your lifestyle. If you choose to buy into the neighborhood, and have an interest in what is going on with the HOA, volunteer to be on the board and participate! Most HOA's also take an active part in the city council and have a collective voice when it comes to issues at hand.
As a home owner, I would never even consider buying a home in a neighborhood that didn't have an HOA! I work hard to maintain my property and have pride in my home ownership. When it comes time to sell, I don't want to have to worry about what's going on with the connecting home sites around my property. Basic things like keeping the grass mowed and not "stacking" junk cars or trash in plain view you would think common sense, trust me it not always is.
I understand both view points on this issue, but I urge home buyers to do their homework before purchasing a home that has a neighborhood HOA...ultimately the choice falls to you.
Beth You have an interesting outlook based on your experience - you should consider writing a post yourself
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