The Benefits of Being Part of an HOA
The question of whether or not it’s worth it to move to a development governed by a homeowner association is one almost all homeowners have thought of at least once.
The thought of dealing with bureaucratic red tape as part of your neighborhood can be headache inducing. But contrary to what you may see and hear in the media, an HOA is essential for every community out there seeking a healthy, organized environment to grow and become truly invested in.
Looking back, there have been publicized clashes between homeowners and HOAs that demonstrated how things can go the wrong way when an association’s management doesn’t take the best approach to addressing a given task or dispute. This does happen. However, this is true for only a nominal percentage of the total number of day-to-day duties HOAs handle that otherwise may be left up to an argument between residents
HOAs mitigate drama, and here’s how:
Advantages of an HOA
The advantages of joining a homeowners associations span across a couple of pretty broad categories
- The quick handling of all those small yet important issues that one normally sees. This encompasses a lot. For one you have the regular (often costly) chores: repainting a neglected part of an old building, removing an ill-looking tree in your neighborhoods communal space, swiftly clearing out snow after a bad storm hit the town.
- Resolving disputes between homeowners. Because there is always the possibility this type of argument can extend well beyond its small initial scale, an association is required to find a way to resolve it in favor of both parties as well as the community as a whole, and in a timely manner.
These issues do add up, and require a centralized management body– the homeowner association’s board – to assemble the resources needed to take care of them all.
After all, without the association, it would cost far more to residents.
Handling Important Paperwork
A homeowner association is considered governing body of its development, and such it’s the one capable of handling the community’s issues with maximum efficiency. This becomes especially true when more serious tasks are needed to be addressed, such as community-wide FHA insurance, serious rain damage to public facilities, or a technical issue in the local power plant. A responsible HOA that has reserves that hold the finances required to deal with scenarios like that reduces the toll on the individual homeowners’ pocket, not to mention solve these pressing issues.
Don’t Diss HOAs!
A company can be taken to the right direction and grow, or mismanaged and face problems along the way. The same can be said of large neighborhoods or communities. In principle, a board can carry out the decisions to successfully achieve the former and maintain that state, but it requires investment from them and the homeowners alike, who in turn need to elect the right officials.
At the end, the thing that matters most and needs to be sorted out first is to add good judgment- and human values-based agility to your association’s decision making.