What Are the Pros and Cons of an HOA?

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A lot of buyers have been asking us questions recently about HOAs, like what they are and what the benefits of them are. We are here today to answer those questions.

HOA stands for Homeowners Association and typically in neighborhoods, there is a governing group that regulates and monitors the neighborhood to make sure it's up to par. It is of benefit to you as a homeowner. There is a cost involved each month, but it doesn’t come without benefits. An HOA keeps the value of your property up. You won’t have someone next to you who is living out of a trailer, has a messy lawn, or garbage strewn about. 

An HOA keeps the value of your property up.

The major downside of HOAs is that sometimes you will live in a master plan community where there could be multiple HOAs. If you’re in a gated community for example, there could be a separate fee for you to monitor the gate and private streets within your subdivision. That can get to be expensive. 

In Scottsdale and Phoenix, we have plenty of neighborhoods with HOAs. They include some great amenities like community pools, basketball and tennis courts, and more. It’s great for families of all ages. 

If you aren’t from the area and moving here, this is something you should know about. If you have any questions for us or plan on moving here from out of state, give us a call or send us an email. We would be more than happy to help out.