Almost every one of us aspires to have a house of their own. You also must have craved for your own house in which you will have the front porch, courtyard, big kitchen, cozy fireplace. You must have wished to see far off landscape through the windows of your room or you wish to have big space for the garden where you can spend your evenings with your near and dear ones. Even if it is small it should be the beautiful house of your own. Therefore, what have you planned regarding your living? Would you like to live in an apartment complex or in an individual home? Well, both of these living has its own pros or cons; however, homeowner association community is the place where you can get different benefits.
Why Is A Home Owners Association Required?
The Home Owners Association is an organization that has been set up to keep a watch on a private condominium, or community or subdivision. Their job is to provide services in different ways. The members of the association collect the monthly dues or yearly dues from the community members for providing recreational facilities. They also do the services of general repairs, landscaping, and trash collection.
Benefits for Homeowners
When you have decided to buy a townhouse, or condominium or a property in a planned residential area, in a subdivision, or in a community, then there is every possibility of having a house owners association and you have to join it. You have to pay the fees for maintenance so that they can upkeep the amenities like the building, clubhouse, or common areas in a good manner. There are different benefits that the house owners get which are mentioned below:
The Home Owners Association is Responsible Upkeep and Maintenance
HOA or homeowner’s association collects the money, which is in the form of maintenance either on the monthly basis or on yearly basis for ensuring top-notch maintenance of the properties and amenities. They always maintain your property in shape that looks like fresh and pleasing. Their maintenance highlights the ambiance, beauty, which also shows their planning on how to keep up the property in a nice manner.
Homeowner Association Include Municipal or City Services
When you have purchased a condo or a home in the area of the homeowner association, then there is every possibility that you will be given municipal services. The municipality often provides services for the residents that include taking away the waste material from the house, providing proper sewage system etc.
Free Use of Amenities
If your house is in the homeowner associations’ community, then you can enjoy the communal amenities that they provide. You can get the benefit of the clubhouse, courts, fitness center, pools, BBQ pits and many other facilities.
In this homeowner association community, people from the different area and different levels often come to stay there. Obviously, they have different temperaments and different preferences. Not necessary that every time they would agree with their neighbors or with the members of the community for each and every aspect. In such situations, the community comes forward to tackle or handle the disputes. They do the job of the settlement between the residents with care and patience and equality within the framework of homeowner association’s rules.
Some homeowner associations include paying the use of electric and heat for the condominiums. This is a great benefit for the people who own a piece of real estate in such an area because the cost of heat and electricity are very expensive particularly for the people who live in the extreme climates.
Drawbacks of Homeowner Association
There are certain drawbacks that you can get in Homeowner Association which are as follows:
Homeowner Associations Come With High Price Tag
HOA fee is paid either monthly, quarterly, or annually. It depends on the number of amenities or services that may increase time to time.
Homeowner Association Fee Can Increase
One of the biggest drawbacks of a HOA is that their fee can increase at a very high rate. Sometimes may be unreasonable which at times really a pinch in the pocket become for many homeowners.
Homeowner Association May Have Many Restrictions
The homeowner associations may put some restrictions on plants, shrubs, or on bushes. Even if you want to plant a tree of your choice near your flat, they might restrict it which can be very frustrating.
Well, people can enjoy many benefits when they start to live in their area. At the same time, they have some drawbacks too, which is most frustrating. So it is you who need to decide properly before opting for this option.