When searching for a new home finding a community with a Homeowner’s Association or HOA can be a big plus. An HOA is an organization within a subdivision or master planned community. They are usually Property Management companies hired by the community’s developer to manage their property. By that definition, they cover a lot of ground. However, their primary responsibility is to create and enforce rules and guidelines to maintain the property and its common areas. When you purchase a home in a development with an HOA you are obligated to conform to its rules and pay dues. So, here’s two quick tips. You need to ask how much the fees are and for a copy of the HOA requirements.
Now, that you know what an HOA is and does. Here’s some very good reasons why to buy your next home in an HOA community. Below is a list of nine ways they can enrich your life and increase your property values.
Major Pluses of Living in a HOA
Rules and guidelines provide community conformity. The #1 reason why an HOA has rules is to protect the property values and appearance of the neighborhood. For example rules and guidelines relating to architectural design and home color, landscaping, fences, signs, pools, and outside accessory buildings exist.
You can score big with lots of amenities. A major advantage of living in an HOA is its amenities. Swimming pools, hiking and biking trails, and neighborhood parks are just a few of the many perks. In the master-planned community of Travisso, The Palazzo, a world-class on-site amenity center is the community’s core. Voted the #1 Clubhouse in Texas, The Palazzo provides residents with over 9,200 square feet of indoor and outdoor recreational space. There’s also a full-time lifestyle director that oversees the 2,000 square-foot fitness center and organizes and plans resident events. Community Association Management (CCMC) manages Travisso’s HOA.
Attractive neighborhoods show well. Think resale value here. If you have to sell your home chances are you will have an easier time doing it in an attractive meticulously kept up community. Services such as trimming trees, cutting grass, planting shrubs and flowers, street cleaning and painting retaining walls to common areas are the responsibility of the HOA.
They increase and enhance the value of your home. HOA’s hold their residents to high standards. So, if you by a home in a HOA community expect to keep your home’s exterior and property tidy. That means cutting your lawn, painting and mending your fence, and making frequent repairs. And, because of the rules they create homeowners that sell their homes can reap the benefits. Homes that reside in an HOA tend to sell at a higher price than homes that are not in an HOA community.
Additional Advantages
Amenities are well-maintained. There’s no need to worry about things looking shabby. And, best of all you don’t have to do the work. HOA’s typically do a great job ensuring things are clean and working properly. A few of their many responsibilities include ensuring the swimming pool and decks are clean, the maintenance and lighting of tennis courts, and that fitness equipment is operational.
Resolution to neighbor disputes. Does your neighbor’s dog bark uncontrollably every night at 1 a.m.? Are trash cans left in the street for a week? These types of disputes and more can be handled more delicately by going through the HOA then a face-to-face discussion with your neighbor.
They can be great for your social life. Community events, block parties, clubs, and organizations flourish. Because of all the activity living in an HOA community is great way to make new friends. From wine and book clubs to bunco, running groups and more, there’s plenty to do.
HOA’s create and foster a sense of community. Because everyone pays their fair share people tend to be more responsible. There is also a greater sense of ownership and community pride.
Greater flow of communication. These days it is easy to keep up with what’s going on the neighborhood with social media and online communication tools. Travisso’s HOA sends it monthly newsletter via email and provides information on the pool, fitness programs, community events and children’s activities. HOA’s are the perfect avenue for getting a community together for a common cause such as implementing a Neighborhood Watch Program.
Visit Travisso Today
Just outside Austin, Travisso is a master-planned community in Leander, surrounded by natural scenery and hill country views. Consider Leander for your next home and live at Travisso. We can’t wait to meet you.
