Why I Believe an HOA Protects Your Property

Reblogger Roy Kelley
Real Estate Agent with Realty Group Referrals 16766

A Homeowners Association can be a very good thing to have and actually can protect property values and help you enjoy your neighborhood more.

Original content by Debbie Reynolds TN Broker: 208698

Why You Need an HOA 

Buyers moving to Clarksville TN usually ask to stay away from HOA neighborhoods. They also want to know which neighborhoods have them and say they don't want anyone telling them how they can use their properties.  

HOA neighborhood

I find that buyers are not well informed about HOAs.  A Homeowners Association can be a very good thing to have and actually can protect property values and help you enjoy your neighborhood more. I don't find it as something to be afraid of. Those buyers that have strong resistance to them could have had a bad neighborhood situation with an HOA or heard a story from a friend. From my point of view, I want the protections that an HOA can give. In fact many home buyers share that feeling and only want to buy in an HOA neighborhood. 

Your home is the biggest financial investment you will make. Not all your neighbors will take the same pride you have in maintaining their homes. Some will think that their grass will need cutting only when it is shin high. Others may think it is okay to work on the engines of their inoperable vehicles in the front yard and leave these vehicles parked there for weeks at a time. None of these things are acceptable to me. 

An HOA has rules that protect all homeowners and are there to prevent unsightly occurrences from happening or at least from staying around. Many neighborhoods also have Architectural Review committees to assess proposed added improvements before they go in. This process is to safeguard the homes and make sure something weird and unsightly is not added. It helps keep the neighborhood looking attractive.

An additional benefit of HOAs is that there is economy of scale in negotiating neighborhood trash pick up, cable TV, lawn services or Internet services. When it is included in the HOA, they negotiate the contracts and price shop for the benefit of all the homeowners. This can save the homeowners money.

A negative could be that some HOAs are too restrictive and do intrude on the quiet enjoyment of the residents. The HOA is not be be a 24 hour a day police force and should let people not feel oppressed. But when the property values and homeowner rights are being violated by a particular homeowner or two, it is nice to have an enforcement body to send the letter or make the call to get it corrected so you don't have to get in conflict with your neighbor.

A well run HOA will keep fees in check as best they can. The members of the neighborhood do have a say and should voice their opinions to the Board about financial issues. The Board of Directors is an elected body and interested property owners can run for office. There are annual meetings and some neighborhoods have informational meetings and newsletters throughout the year. You should stay in the know.

A budget is set each year and the cost of maintaining the neighborhood amenities is spread over the number of property owners in the subdivision. These can be common areas, driveways, parking lots, lawns, parks, swimming pools, clubhouses, entrances, recreational areas and in a condo complex the outside of the buildings may be the responsibility of the HOA. A monthly, quarterly or annual maintenance fee is required from the homeowners. On condos and cooperatives there may be reserve accounts established to collect money according the Master Deed for replacement costs and capital improvements. 

Always ask to see the By Laws and a copy of the Budget before purchasing your home. Know what the rules are and what the fees will be. Some areas could have limitations on pets or ban renting your home.

A well-run HOA can protect property value and make it easier to sell when the time come because your neighbor's house will not be an eyesore. 

Why I Believe an HOA Protects Your Property

When you are ready to buy in Clarksville TN contact Debbie Reynolds, The Real Debbie Reynolds at 931-320-6730.

 

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

Clarksville TN Homes 

                 

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Rainmaker
3,238,737
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

HOA's get a bad rap...wometimes deserved for having "too many rules" and as often for not enforcing the ones they have...the tide has turned with some buyers requesting areas with them rather than without.

Aug 30, 2018 01:19 AM #1
Rainmaker
4,955,012
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good mornint, Roy Kelley great choice for a reblog.... any and all posts written by Debbie are top shelf....

Aug 30, 2018 02:55 AM #2
Rainmaker
5,346,941
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Please be sure to leave comments at the original blog by Debbie Reynolds

Aug 30, 2018 03:59 AM #3
Rainmaker
3,981,141
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

HOA's can help protect your homes values from the slob that  just bought next door.

Aug 30, 2018 04:01 AM #4
Rainmaker
4,797,120
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Roy.  I agree with Debbie about why HOAs can be a benefit for its residents.

Aug 30, 2018 04:34 AM #5
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I hope others will read it too 

Aug 30, 2018 08:14 AM #8
Rainmaker
5,346,941
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for your comments. It is always good to hear from you.

Aug 30, 2018 08:17 AM #9
Rainmaker
5,346,941
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Monday morning to all. Enjoy the holiday and have an outstanding week.

Sep 03, 2018 06:20 AM #10
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Rainmaker
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Roy Kelley

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