HOA Benefits
Increase in home value
The presence of a functional HOA can dramatically increase the value of homes in the neighborhood. The rules and regulations established by an HOA are designed to protect the value of each property. The primary purpose of the homeowners association is to ensure that an individual or group cannot negatively impact the market value of homes in the neighborhood. As a result, rules become a necessity. While many people may be turned off by rules and regulations, it is one of the primary reasons that homeowners associations remain popular. Without rules, homeowners would be able to act without consequences. As a result, one or a few homeowners would have the ability to negatively impact the majority.
Deters detrimental members of the community
While an HOA is responsible for enforcing rules and regulations, the mere existence of an HOA can prevent unruly behavior. Homeowners who are unable to comply with rules and regulations will be less likely to share similar goals and values.