Today, one of every five Americans lives in an association that is governed by rules and regulations. Homeowner associations gained tremendous popularity in the early 1960’s as the middle class found ways to enjoy a vast array of amenities without shouldering all of the cost. The draw of living in an association governed by rules goes far beyond just the amenities. Many homeowners appreciate the “small town” atmosphere and the beautiful landscaping that they don’t have to maintain themselves.
HOAs and COAs are governed similarly to a small town. The Board can often impose fines, organize activities and oversee different services for members. “Small town” isn’t defined by the physical size or the number of homes in the association, but by the feeling of community. It’s the homeowners themselves and the way of life that people enjoy. This feeling of community and closeness draws a lot of homeowners to association living.
You’ll see a certain degree of uniformity within an association, depending upon what the governing documents stipulate. HOAs can set rules that include exterior colors, the size and type of pets, landscaping, fencing, etc. Many people choose to live in HOAs because they appreciate this oversight and like knowing that factors that affect their property values are being maintained and managed. These homeowners often like rules such as quiet hours and noise restrictions. When it comes to maintaining appearances, nothings beats association living. Few people can afford this level of service on their own.
Assessments help maintain the quality of life and protect property values for all the owners in the association. People who live in associations recognize that this monthly cost is far less than what it would cost to maintain a comparable home on their own. Plus, they get to enjoy the benefits of all the amenities that their community offers. For busy people, living in a well-maintained association that offers the amenities they value is desirable without added hassles.
A homeowner association can be your best friend when you match its amenities to your wish list. It’s the modern day way of enjoying your life and services that can make it better without taking on all the costs and work. If you are looking for a new home, explore what homeowner and condominium associations offer. Living in a managed community could be the perfect fit for you.
Wise Property Solutions is East Tennessee’s only Accredited Association Management Company (AAMC®). As the region’s leader in community association management, the firm is committed to the industry’s best practices and continuing professional development. Wise Property Solutions’ certified and highly trained property managers empower well-organized and efficient communities. The firm maintains offices in both Knoxville and the Tri-Cities.
Tri-Cities, TN-VA: 423-926-7373
Knoxville, TN: 865-643-8989