What is the purpose of the HOA rules, regulations, and fees?
Many homeowners don’t understand the purpose of a homeowners association. In fact, they may balk outright at the idea of having to pay someone to tell them what they’re supposed to do with their house! Others, however, come down strongly in favor of the HOA rules and regulations put in place by the HOA. Whether you’re considering creating an HOA in your neighborhood or thinking about moving into a neighborhood where there’s already an HOA in place, you’ll quickly discover that there are a number of benefits to a homeowners association.
By taking care of basic maintenance–upkeep on the pool, dealing with trash removal, or scheduling pest control services, for example–the HOA takes some of the weight off of the shoulders of the homeowner. Other rules are specifically geared toward improving the safety and quality of life of every member of the community. HOAs help offer peace of mind to the residents in the community, making them well worth the annual dues–most of which are typically set at a rate that will be easy for homeowners in the neighborhood to attain–and the need to check the rules before installing anything new around your home.