Benefits of Being a Member of a Homeowners Association
One can own a home individually, but homeowners will make the community a worthwhile experience.
Victor Kiplagat
One can own a home individually, but homeowners will make the community a worthwhile experience. Home owners ensure the residents of an estate live in harmony. The benefits of a homeowners association to its members include the following:
1. Helping maintain property values
Home owners ensure property valuation is harmonized and in unison. Once property valuation is taken care of, the renovation will be handled and maintained by professional standards. The correct property valuation that is in accordance with market value attracts a lot of home buyers.
2. Financial stability
With a well-managed Sacco, one can own their dream home or purchase in installments the home that suits their “environment needs”. Common areas of renovation and refurbishment will be sorted out with a well-structured plan on the financial stability plan in play. More so, the Home Sacco ensures that access to loans for home purchases is made easier.
3. Community connection through volunteer work
Volunteer work is a great gesture in giving back to society. In the same vein, through volunteering, corporate social responsibility is actualized to perfection. Community connection builds rapport among residents of a given estate.
4. Added layer of support.
Homeowners Association has internal mechanisms for solving estate disputes in an amicable manner. Some conflicts or disputes that occur might actually be solved via the out-of-court settlement option. In solving the disputes and conflicts that occur, peace, law and order are maintained.
Furthermore, adherence to the laid down estate rules and regulations is maintained strictly. While conflict or disputes are inevitable in the society or the estate in question, how these cases are solved ensures peace prevails and the residents are law-abiding citizens. No one wants to live in estates where conflicts and disputes are the order of the day.
5. Rules and regulations deter nuisance activity
Rules are made to maintain peace and order in the estate. Without clearly structured rules and regulations of the estate, conflicts or disputes are bound to occur repetitively and not be solved amicably.
Rules and regulations are made once the estate residents have been called to a meeting. These rules center on noise policies, parking restrictions, and short-term rental guidelines just to mention but a few. While all rules and regulations of society would ideally not be “comfortable” to all estate residents, they are made to be “agreeable” to the wider community.
6. Increased community pride
Community pride is cultivated through corporate social responsibility, volunteering work, and community service projects. These activities build a network of community residents. Additionally, these activities ensure those living within the community or estates have a sense of common “belonging”. An impactful estate gives back to society tremendously and hence guarantees the gap between the haves and haves does not narrow down drastically.
7. Well-maintained common areas and amenities
Common areas and amenities that are used by the residents will be well-maintained as they are an “estate property”. In other words, they are used by everyone.
Professional maintenance and works will include well-manicured area lawns, freshly painted walls, lighting that works efficiently, clean play areas, and parking lot areas that have been well constructed.
These activities on maintenance will in the long run ensure the neighborhood looks good and the community or the residents feels much better. To ensure increased use for these amenities, they should always be available for use after every phase of maintenance.
8. Increased community engagement
Home expos and mini exhibitions bring the community together. Community engagement is increased when residents of the estate find joy and satisfaction from fun activities.
These include face painting for children, movie nights for adults, play areas for small children, and holiday-themed festivals for community residents. Increased community engagement is also a great way of promoting security within the estate. The security of any estate is a common responsibility.
Owning a home is one thing but being a member of a homeowners association is a different matter altogether. With the matters mentioned above, one cannot live or reside in an estate in “isolation”. Home owners promote community policing effectively. Indeed, these benefits are beyond doubt beneficial and effective.
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