The Growing Popularity of HOAs
The Growing Popularity of HOAs
For some, Homeowners Associations (HOA’s) represent oppression and restrictions of personal freedoms when it comes to their housing. It seems not a week passes when we don’t read a story about an HOA that appears to be over-reaching in its control of a community. They have forced residents to take down flags, mow their lawns to certain lengths, and have even stopped children from selling lemonade from front yard stands. There is even a popular commercial poking fun at how meticulous some associations can be.
The reality is, however, that HOA’s and community associations are an increasing part of the way we live in America. It is estimated that about 25% of homeowners live in an association managed community. Perhaps more significantly, in 2019, about 75% of new construction was occurring in managed communities. The trend is clear. Homeowners and community associations are becoming more common.
Why the popularity?
Well, in spite of the negative press and perhaps over-reaching by some HOA’s, most residents like living in communities that ensure property owners keep their properties well maintained. It protects property values and aesthetics of a neighborhood. It appears residents enjoy having a resource to address neighbor and neighborhood issues like unruly parties, large commercial vehicles parked in driveways, purple or pink painted houses or dogs roaming the streets.
HOA’s are also a bit more flexible and varied than in the past. While many HOA’s charge fees into the hundreds of dollars per month and provide a variety of amenities with almost unlimited power, some communities have smaller, less expensive HOA’s with limited restrictions.
Perhaps, HOA’s are a passive/aggressive way to handle potential problems with neighbors. They sometimes serve as the adults in the room.
No matter the reason, HOA’s are not only here to stay but are growing in acceptance and even popularity. They can provide protection for a homeowner’s investment, maintenance services and consistency through a community. They also provide an outlet to call should a neighbor paint his garage door day-glo lime.
Many HOA’s have guidelines and even regulations regarding the amount of homeowners’ insurance a resident should carry. Are you in compliance? Contact one of our independent home insurance agents today to review your HOA covenants and your policy. Make sure you have the necessary coverage for your home and your community.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
American Grandeur: Exploring the Majesty of America’s Iconic Castles
Beyond fairy tales: Discover the real-life castles of America.
Mind-Blowing Trivia: Random Facts to Spark Curiosity
From mountain heights to shoe counts: Random facts that will surprise you.
Punching Above Your Weight: Building a Strong Brand to Compete with Giants
Small business, big impact: Building a brand that rivals the competition.
Life Insurance: Investment or Protection? Decoding Cash Value Policies
Is life insurance an investment? Understanding cash value policies.
Independent vs. Captive: Choosing the Right Auto Insurance Agent
Unlock more choices: Understanding independent vs. captive insurance agents.
Deluges of Disaster: Remembering America’s Most Devastating Floods
From Johnstown to New Orleans: Remembering the fury of America’s historic floods.
Beyond the Theme Parks: 7 Unique Florida Experiences
Discover a different side of Florida: 7 unique adventures.
Turning Negatives into Positives: Mastering Online Reputation Management
Don’t fear negative reviews: Learn how to manage your online reputation.
From Picky Eaters to Healthy Habits: Nurturing Lifelong Wellness in Children
Beyond the clean plate: Fostering healthy eating habits that last a lifetime.
Road Rage and Reckless Driving: Are We Forgetting the Rules of the Road?
Are today’s drivers losing their way? A refresher on essential driving skills.