HOAs have many advantages. Residents are held accountable to deed restrictions, which typically means their homes and common areas are kept up and well-maintained. Having a well-kept property, helps maintain property value. This makes living in an HOA desirable to many home buyers. Not to mention, each resident who owns a home in the community is held to the same set of standards for upkeep, as well as noise policies, short-term rental guidelines, parking restrictions, etc.
A well-managed HOA has reserves and funds available for future repairs and improvements. If an association is managed well, this reduces the likelihood of needing a special assessment down the line.
There are many opportunities to be of service to your association by volunteering to serve on the Board of Directors. This is a great chance to build relationships as well as form a deeper connection to the community.
If you are looking to learn more about HOAs or different communities in the Lakes Region, give our office a call today. We would love to help assist you in finding the best community to suit your needs! HOAs are a great opportunity to gather as a community and enjoy activities with your neighbors.
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