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Have You Considered These Benefits Of Living In An HOA?
As a homeowner, you have likely longed for your days of apartment living. Certainly, you are glad that you are now building equity in your real estate investment and appreciate the freedom you enjoy that comes with owning your own home. That does not mean, however, that you do not miss the days when some of your needs were met by someone other than yourself. If you understand that sentiment, you should consider joining an HOA.
For your consideration, here are just a few of the most notable benefits of living in an HOA.
- Standards: When you live in a homeowners association, you never have to worry about a neighbor’s dead yard or gaudy home bringing down neighborhood property values. Within your HOA, there will be community standards to which each owner must adhere.
- Community: Joining an HOA means joining together with other owners to ensure that everyone’s needs are met. Costs are shared, meaning everyone does their part, and together you get to create the ideal neighborhood. You likely could not transform a community on your own without tireless (i.e. tiring) effort, but in an HOA you have the power to work with your neighbors to make the best possible situation.
- Maintenance: Your HOA will likely offer common areas—some of which could include swimming pools, parks, and even golf courses—which will be maintained by the HOA. That means you get to enjoy amenities that you never have to think about maintaining.
If you are thinking of moving to an HOA, you are not alone. The number of community associations has grown from 10,000 to 320,000 in the last forty years. If you want to join this movement to a better life, you should know that your insurance needs will change. To learn more about how to get the full coverage you need, contact Scott Litman Insurance Agency.