Why Pay For An HOA?

why pay for an HOAPaying extra money every month can sometimes deter homeowners from wanting to purchase a home in a development with an HOA, but have you considered the advantages to a homeowners association? So why pay for an HOA?

Paying for An HOA

One advantage is the extra amenities that often come with an HOA. These often include maintained green spaces, playgrounds, sports courts, or even swimming pools.

But the biggest advantage that is often overlooked is the value retention of your home when it belongs to a home owners association. When CC&Rs (covenants, conditions, and restrictions) are enforced by an HOA, no individual or group of people can bring down the value of your property. An HOA can maintain the necessary aesthetic of a community, ensuring retained value. No need to worry about the neighbor who might move in and park a zombie car on the front lawn, put a chain link fence around the home to contain their pit bull, or let the exterior of their home deteriorate until it looks like a haunted house.

Next time you get turned off by an HOA, consider the value it makes to your home’s equity and don’t hesitate to call us with any questions about it!

Questions? Stop in or give us a call at 435-363-0100 today!

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