Video Transcription:
Homeowners associations also known as, “HOA”s, are becoming increasingly popular in neighborhoods across America. While opinions on living in a neighborhood with an HOA are divided, you don’t need to shy away from your dream home just because it’s part of one. Hi I’m Michele Irizarry, CEO and Broker of Shore Prime Properties. Much of the new development in the Long Branch, New Jersey, Jersey Shore area, is condominium living with an association. The best way to feel confident about your HOA is to understand the benefits of it.
The process of joining an HOA: the primary purpose of an HOA is to create practical rules for your community and to enforce them. It’s also responsible for the upkeep and finances of the development. On the board: Most people’s HOA hesitations comes from potentially strict rules. However if you’re a member on the board, you can propose improvements. Additionally it’s a chance to meet your neighbors and develop friendships with them. It’s important to build a bond with community members that you can rely on and trust.
Day-to-day perks: some benefits of being part of an HOA are that it can improve your overall quality of life in your neighborhood in the following ways: They will usually maintain common grounds. Typically there is access to amenities like a community pool, gym and park. It’s common to have increased community pride and engagement with HOA planned activities which can be particularly nice for families with children. The property value will likely to be stable because of deed restrictions that keep everything consistent across the neighborhood. There’s an added layer of support for property issues since most HOA partner with municipal code compliance departments.
Don’t be quick to overlook the benefits of an HOA. You just might come to enjoy being part of this important institution in your community. If you’re curious to explore some of the local associations and developments in our area feel free to reach out to us here at Shore Prime Properties. We are very familiar with many of the local complexes and we’ll be happy to take you on a tour. I’m Michele Irizarry, selling prime real estate at the Jersey Shore.
