6/28/2021
The Pros and Cons of HOAs | Peter Bubel | Reading Real Estate
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The Pros and Cons of HOAs by Peter Bubel | Jun 28, 2021 | Blogs, Luxury Real Estate, Peter Bubel, Peter's Blog, Property Management, Real Estate
The Homeowners Associations (HOA) help communities clean and maintain neighborhoods to ensure people have a conducive environment. They form associations to take off some responsibilities from homeowners. Some owners welcome the idea of as they know they will live in a properly run, neat, and orderly environment. However, a few others think the idea is intrusive, and they prefer more liberty to manage their home spaces freely. Below are the pros and cons of HOAs.
Pros Tidiness The HOAs establish rules on how they want the community to appear. If the idea is accepted, they get all lawns mowed and gardens maintained. In addition, sidewalks and streets are regularly cleaned, and all trash is removed to ensure the environment is clean and safe. peterbubelpropertymanagement.com/the-pros-and-cons-of-hoas/
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6/28/2021
The Pros and Cons of HOAs | Peter Bubel | Reading Real Estate
Recreational Activities HOA provides recreational facilities in neighborhoods, including playgrounds, swimming pools, and golf and tennis courts. In addition, many HOAs sponsor activities like sporting events for kids and frequent adult get together for adults to have fun and unwind.
They Do All The Dirty Work The association does all the work. Tedious activities like lawn mowing, shoveling, weeding, and cleaning up the front yard get done. They also ensure to run interference, for instance, loud noises from neighbors, dog barking, and any other nuisance in the neighborhood. They will do all the confrontation, and their clients sit back, relax and enjoy the tranquility.
Cons High Fees All the work they do including cleaning, maintaining a calm and conducive environment, will not be accessible. Homeowners must pay a monthly fee, which in some areas and it’s usually expensive.
Strict Rules The HOAs will be in charge of cleanliness and orderliness in the community. Most of them impose stringent rules on the community members. For instance, they may dictate what color to paint on houses, what flowers to plant, and what decorations to put up around the neighborhood.
They Are Always Watching To ensure there are no nosy neighbors, no loud noises, or home intrusions, they will have to watch the entire neighborhood closely. They will even impose restrictions on who enters the community and who shouldn’t. They also set a strict vetting exercise that sometimes shuns away investors and potential residents.
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