3 Benefits of Having an HOA

If you know someone who owns real estate in Phoenix, they have probably mentioned having a Home Owners’ Association (HOA). While your friend may have had a complaint or two revolving around their HOA management, it’s more common that HOAs are of great value to investors and residents! Here are a few reasons you want an HOA.

Neighborhood Order

We’ve all driven through neighborhoods that have residents of questionable habits. Some let their weeds grow feet high, store miscellaneous bulky items everywhere or maybe even have a long-term broken vehicle (or two!) in the driveway. They may let their dog roam unsupervised to leave gifts in random neighborhood yards or throw their trash anywhere.  An HOA helps prevent those types of activities from occurring. The result is a much more attractive and comfortable neighborhood that you’ll be proud to live in.

Common Areas

Many areas with HOA-controlled real estate in Phoenix have beautiful common areas such as parks, pools, ramadas and areas that all residents can enjoy. These lovely landscapes are not only provided by the HOA but are also maintained well, all without you lifting a finger. Streets are cleaned regularly and the curbside landscaping is well kept. Some HOAs also host events for the residents so that you can get to know people nearby, both for safety and for socializing.

Preserving Home Values

One of the most important benefits that an HOA provides is realized when you are ready to sell your real estate in Phoenix. Because HOAs are strict about cleanliness, maintenance and overall neighborhood attractiveness, your home will hold its value and most likely grow your investment. You won’t have to worry about a rogue neighbor painting their house a terrible color or erecting a giant statue within eyesight of your property, driving your home value down.

Home Owners’ Associations provide many positive perks. When purchasing real estate in Phoenix, ask if the property is under an HOA and be sure that you read the rules of that HOA. By knowing the expectations and requirements, you’ll be happy and comfortable in your new place. Talk to us about your next home and whether an HOA neighborhood is right for you!