How would you like all the advantages of being a homeowner without having to deal with lawn upkeep and the maintenance of the building and utilities? Sounds too good to be true, right? Well, living in a homeowners association can provide such a life!
If you are house hunting and condominium living is on your list of possibilities, you will want to examine the advantages that could be a part of your HOA. Many first time buyers, as well as empty-nesters, choose this type of community because the benefits are amazing. Here are a few things to weigh when deciding on purchasing a unit in an association.
Upkeep and Maintenance
As mentioned above, many people who are ready to take the plunge into the housing market are too busy with work and family life to worry about the constant work, maintenance, and upkeep that is needed with homeownership.
While HOA’s do require a monthly fee, most HOAs use that money to invest in top-notch maintenance of all the amenities and ensure your property stays in shape from the landscaping to the pool/gym areas. Imagine all the free time you will have on weekends and evenings to do what you want without the worry of outside maintenance, utility problems, and/or amenity access.
Often, association living allows for a nicer neighborhood with lawn care, gardening, and well-kept parking lots and walkways. This aspect alone can mean a huge benefit for this type of living.
When considering purchasing a home vs. a condo, think about the extras that can make your living experience easier and, realistically speaking, happier. Most people can’t afford a pool, fitness center, clubhouse, tennis courts, BBQ/picnic areas, or walking trails on their own. As a part of a community, these amenities are usually a part of your dues. What a great asset to a community!
For many people, their friends are usually located near their homes. For the lucky ones, community living allows for interactions and friendships that they would not normally be able to cultivate. From community BBQs to meeting people at the pool or fitness center, HOAs can help friendships blossom.
Mediators for Disputes
On the other side of the coin are neighbors who have disputes. Any time there is an issue with a dog barking too much, loud parties, or parking issues, an HOA can address the situation in a non-threatening manner. HOAs are great mediators for disputes.
Take these aspects of community living into account when you are deciding on your next home.