Are you thinking about putting down roots in southern New Hampshire? From Auburn and Hampstead to Portsmouth and Dover, there are lots of communities waiting to welcome you home!
As you browse available listings, you might find some neighborhoods that have a Homeowners Association, or HOA. If you've never worked with an HOA before, this could give you pause.
Will the HOA only enforce strict rules and penalties, or can the group also be a place of camaraderie and shared interests? The answer might surprise you! Today, we're sharing some of the top HOA benefits that New Hampshire residents can enjoy.
1. Maintains Property Values
The standards that an HOA sets might seem steep at first, but they're there for a reason. By holding residents accountable and taking a vested interest in property appearances, this group helps uplift the entire neighborhood.
Homes in an HOA community are usually stable and well-maintained. This commitment to quality helps raise individual and collective property values. While this isn't always the case (and a poorly managed HOA can have the opposite effect), it's the general trend.
2. Space to Speak
Do you have an idea about something that could make your new neighborhood more attractive? What about strategies that could keep residents safer? Without an HOA, you might be hard-pressed to get those thoughts into the right ears.
HOAs hold regular resident meetings and encourage everyone to attend. This is a great time to discuss anything that concerns you and share your thoughts about new projects.
3. Well-Kept Common Areas
Most HOAs have reserve studies in place. These are funds that help them plan and budget for upgrades, such as repairs and renovations to clubhouse or gym facilities. Other ways an HOA might use a reserve study include:
- Repainting buildings
- Repairing driveways and sidewalks
- Upgrading playground equipment
With this money readily available, most HOAs can move forward with such projects without having to rely on a special assessment. The assessment is a one-time fee that residents or renters would have to pay to cover such expenses out of their own pockets.
4. Volunteer Opportunities
Often, HOAs can connect homeowners to local volunteer groups so they can become more involved in their local community. This is a great way to help out, meet others, improve your own health, and support your New Hampshire city!
You're more likely to encounter these opportunities if you serve on the HOA Board of Directors, which is another reason to give this group a try.
Reap These HOA Benefits in New Hampshire
There are HOAs all over the country, including southern New Hampshire! If you're looking at a new home in the area, don't let an HOA presence throw you off. There are many HOA benefits to enjoy and this list only covers a select few of them!
Successful HOAs often utilize property management companies to help them keep operations running smoothly. If you're an HOA Director looking for a way to simplify and streamline your work, let us help. Our team specializes in residential and commercial property management services, and we can take the stress out of each step.
Learn more about the services we offer, and then reach out for a consultation!