Recent statistics published by Today's Homeowner reveal that approximately one in five homes are part of a homeowner's association. Further, properties in an HOA are typically four percent higher in value than homes not in an HOA.
Buying a home is a tremendous decision and a significant investment. You want to make a sound choice, which is why many homebuyers choose a property with HOA services. That is because the HOA benefits you get are unlike anything you can find on your own, and they directly impact the value of your property.
The primary goal of an HOA is to boost property values for everyone in the community, and here is how they achieve it.
Increasing Home Value
They create a desirable community. Guests are envious of their beauty, but everyone must pitch in. HOA services will collect dues from homeowners and use the funds to care for common areas.
When you are a part of an HOA, you can enjoy access to amenities like a tennis court, pool, gym, etc. These common areas can create a tight-knit community and strengthen the relationships among family members.
Creating a Beautiful Neighborhood
Even a fabulous home will not be able to increase its property value if the neighborhood is not kept well. An HOA home value will boost when it is in a pretty area, and this is through enforcing many rules.
While it may seem a nuisance to follow so many regulations, it improves the quality of property values for everyone in the association. Having uniformity is pleasing to the eye, adds curb appeal, and raises appraisals.
Handling emergencies, such as a fire or flood, is complex. You need help fast. Fortunately, with HOA services, you get emergency services.
Time can be of the essence because swift action will prevent further damage depending on the severity of the damage. This is vital for preserving the value of your property.
HOA Home Value
There is more to increasing a home's value than what you see outside the property. It would help if you also cared for the inside, which takes time and money. By letting HOA services handle the outside of your property, you can spend more time maintaining the interior.
HOAs will power wash the pavement, remove trash, handle the landscaping, snow removal, etc. These tedious tasks make a huge difference to a home buyer, and your property will be more desirable when it is time to sell.
The benefits of an HOA will help you feel confident about increasing the value of a house. They not only keep your property looking beautiful, but they ensure the aesthetics of your neighborhood as well.
Let PMI RGV help by managing your community and reap the rewards of the HOA benefits we offer. That is because PMI recognizes every association is unique. We customize our services so that we can meet the demands of your McAllen association.
PMI RGV has the experience to deliver exceptional services from single-family homes to townhomes and more. Contact PMI RGV today!