The Value of an HOA From the m ouths of res idents ...
The overwhelming majority of Americans who live in community associations say they are satisfied with their association experience. The community association concept works—for neighborhoods, municipalities, the U.S. housing market and the nearly 66 million Americans who choose to make their homes in common-interest communities. (CAI - 2014) While some believe that HOAs don't offer value, we connected with a few homeowners who believe their HOA helped everything from pet waste, to community relations and safety. The CAI report from 2014 supports exactly what we found, when speaking to individuals.
On average, 90% of res idents are s atis fied w ith their as s ociations and 92% of res idents are on pos itive terms w ith their HOA board members .
A recent es timate s tated there are over 325,203 HOAs in the U.S.
"The value of an HOA lies in being able to keep a community s afe and maintained, w hile s us taining property rights . Having liveable rules and regulations can help provide thes e. An HOA allow s neighbors and homeow ners w ho live in the community to w ork together for the s ucces s of all." - Naomi B retz
70 % 32
of res idents s ay their as s ociation rules protect and enhance property values . Only 4 % s aid the
Minnesota Communit y Living
oppos ite w as true.