To some, there are many advantages to living in an HOA community, whether private gated with a golf course or otherwise:sport wrote: ↑Mon Nov 25, 2019 3:21 pm There have been a number of posters who said they do not want to own a home with a Home Owners Association (HOA). So, I wanted to share an advantage that our HOA has established. Each year, the HOA publishes a list of service companies that have been used by and recommended by the home owners. This list includes plumbers, electricians, landscaping, handymen, painting, roofing, etc. Since our HOA has more than 100 homes, the service companies want to be on that list, and do not want to do anything to get removed from the list. So, I believe those companies try to treat the members of our HOA fairly, with reasonable prices. I have recently used three companies I found on that list and was completely satisfied with all of them. Of course, the HOA states that they cannot guarantee the performance of any of these companies. However, just being on the list seems to provide incentive for them to do the right things for their customers in our HOA.
1. Tends to have a certain range of demograph and peer group, social group, etc. which some feel comfortable with.
2. May have a certain social status or upscale feel or "quality" associated and known about it in the state or region that is attractive. IE: (fictitional) "Pinnacle Country Club Equestrian Ferarri Estates. . . .. "
3. Homes and community have a consistency of appearance and so forth because of the CCR's, etc, as maintained and enforced by the HOA, etc, etc.
4. There is a reassurance that the "community" will remain up to a certain level of standards in the future, and, if there are "violations", there are ways of enforcing conformity and compliance.
5. Predictable R/E valuations to some degree.
6. Sense of community and conformity with known boundaries, rules of behavior, and guidelines for . . . . . etc. etc. etc.
7. There may be boards, chairs, committees, and a sense of organizational structure, oversight, and enforcement, that are attractive to many.
Cons?
Likely includes the opposite of the above.
j