Are HOA Properties Worth It? Here Are 5 Tenant Advantages
If you are a tenant, you may be a bit hesitant about renting HOA properties. However, once you dive deeper into just what a Homeowner’s Association does in regards to properties, you may find these properties will offer numerous advantages. Before you sign on the dotted line for an HOA property, here are five things you can look forward to enjoying.
Perhaps the biggest benefit you will notice with HOA properties is the availability of numerous amenities. These can include such things as a private swimming pool, playgrounds for your kids, tennis courts, and even a dog park and community center with a fully-equipped gym.
Fewer Upkeep Responsibilities
In today’s busy world, more and more people have less and less time to do various types of upkeep for their property. If you are living in an HOA property, large amounts of upkeep will not be a part of your life. Most HOA properties usually cover maintenance of common areas within the community, meaning these areas will be professionally landscaped. Tenants will also enjoy trash pickup and snow management services as well, meaning much less shoveling during winter. If you live in an area with heavy winters, this advantage alone is well worth it.
Well-Defined Rules and Regulations
When living in HOA properties, tenants will also have a set of very well-defined rules and regulations pertaining to their homes. These will typically include what can and cannot be put out in yards, what types of pets may or may not be acceptable, and other things that can sometimes cause conflict between neighbors or problems between tenants and landlords.
Higher Quality of Neighbors
Typically, those living in HOA properties have been thoroughly screened by landlords. While this is of course no guarantee everyone will get along wonderfully, it does greatly increase the odds of quality neighbors. These greater chances should be strongly considered, especially if you don’t want loud or irresponsible neighbors.
Quick Resolution of Problems
If or when problems do arise between neighbors or with the complex itself, having it be an HOA property will usually mean the problem can be resolved much faster than in similar situations. By contacting the HOA, you can have an opportunity to discuss the problem in detail, meet with the HOA board, and have more direct contact with the landlord.
As a prospective tenant, you should strongly consider HOA properties for your next lease. These are great options for clean, safe communities.
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