Office: (214) 866-0050
Mobile: (214) 457-1639
The HOA's help to maintain the appearance of the neighborhood. The HOA maintains common areas including community entries and parks. If you want a neighborhood pool, you will need an HOA to maintain it.
HOA's also add value by enforcing community standards. It helps to have an HOA in place to make sure that people maintain their yards, repair their fences, and take care of their property in general. Sometimes an HOA will go overboard, and those stories get a lot of attention, but most HOA's are just trying to keep the community looking nice, which helps property values for the whole neighborhood.
1. The condition of the neighborhood is monitored. And when there are things that need attention, such as broken fences, the HOA can remedy the problem. Doing so, the HOA can preserve the condition and marketability of the neighborhood.
2. Some homeowners may not have the discipline to save up for future repairs. So think of the HOA as forced savings. When some repairs are necessary, the HOA will dip into those savings to do the repairs.
3. If some neighbors are less conscientious about upkeep of their yard, etc. the HOA can serve as the neighborhood's enforcer who can persuade the neighbor to comply with neighborhood standards
4. Uniformity, conformity, compliance.....if someone puts up a display that doesn't conform to the neighborhood's rules, etc., the HOA can also manage the process to have the neighbor comply and remove the offending display.
Personally, I will draw the line at the HOA forcing the removal of the American flag.
Problem is that HOAs too often focus on petty things and can border on harrassing homeowners.
In the last home i owned, i received letters from HOA because of the types of flowers i planted. Not weed but FLOWERS, annuals, you know the kind that die off anyway each year. Apparently the HOA didn't like i had too many flowers of one color. I changed the colors, then they didnt like the types of flowers- i had period. The only thing that made them happy? So-I ripped out all the flowers in my front yard and replaced them with FAKE flowers. Not knowing my flowers were fake, they were finally happy with my selection. PATHETIC.
They complained about our AMERICAN FLAG on a pole. YET they had no problem with people littering their front lawns with college signs and other kind of decorative flags.
We had company (family) stay over for two days and they complained about the car (a nice new one) being parked in front of our home.
Eventhough we had professional gardner, lawnmowing company at the time. They complained about our grass being too tall, then being too short, not being green enough then being too green (the wrong type of grass).
Bottom line-- we will never move into another HOA neighborhood and i know many many people that given the choice again, will choose non-HOA.
The neighborhoods just look different.
Usually the ones with the mandatory HOA are a little sharper, crispser, yards look better, less vehicles, a little more uniform, and I'm thinking this helps values.
In the neighborhoods with HOAs on average it seems like there is less care overall, more overgrown yards, yards with crazy landscaping, just feels a little more run down, and I'm thinking this hurts values.
I am telling people how to un-condo their condo and then decide if they want an HOA, link to my facebook page on the subject below.
NMLS # 6395
Financing Kentucky One Home at a Time
I think in this regard, it's similar to gas prices. In this anology, most buyers will buy the vehicle they want and complain about gas prices, but the price of gas does not make one vehicle more desirable over another in the eyes of most buyers.