Benefits of purchasing a home with an HOA
When looking for a home in Omaha, some buyers may be turned off by the idea of purchasing a home that has an HOA (Homeowners Association). And while some people find them divisive, HOAs have the potential to offer quite a few benefits for homeowners that live within their neighborhoods. In this post we will discuss a few reasons why you should be open to an HOA when starting your search, and how the benefits have the potential to far outweigh any negatives.
One benefit of an HOA is that many require a standardized appearance of all homes. This means that all homes must conform to a predetermined cosmetic standard set by the HOA, ensuring that the neighborhood looks cohesive and appealing. It makes sure that your careless or lazy neighbor is forced to mow their lawn and maintain the outside appearance of their home (no neon pink exterior paint allowed!). Also, HOAs help to maintain your property value, as a well-maintained appearance of homes makes the value of the neighborhood higher and more valuable than the surrounding areas. This allows owners who eventually look to sell their home to recoup their initial investment and potentially make a sizeable profit - who wouldn't want that?!
Another benefit of an HOA is that many often feature and provide additional amenities such as sports areas, community swimming pools, walking trails and a community center for residents and their guests to enjoy. These locations are perfect for community building opportunities and offer residents areas of entertainment. Lastly, HOA fees will help to cover community maintenance as well, including common areas, streets, landscaping and tree care. This brings a peace of mind to homeowners that the surrounding areas of their home will always be well kept without any effort on their part.