The Benefits to Living in A Common Interest Development

A well-run Homeowners Association (HOA) can lead to an increase in property value and heightened satisfaction from owners and can considerably enhance your home ownership experience. A recent survey from The Community Associations Institute reported 84% of HOA members stated their governing board continually acted in the best interest of their community, and that 85% of HOA residents shared the same positive experience. The best part?  Favorable results such as these have been on the rise for over the past decade.  Below are a few notable benefits to living in a common-interest development, managed by a Homeowner Association:

  • Great Aesthetics – Living in a neighborhood with an HOA equates to a communal effort to keeping a well-maintained appearance. As a result, shared amenities, such as community parks or outdoor areas are more likely to be in tip-top shape.
  • Bonding Within the Community – Survey results indicate that community involvement, buyers who get involved with the HOA, is a great way to create bonding and a sense of community. Getting to know the neighbors and make new friends, and working toward a common goal together is the bonding tool that can help create a harmonious community.
  • Maintained Property Values – HOA rules and regulations set out provisions that help manage the community by prohibiting behaviors and displays that bring down the value of the other homes in the neighborhood. In addition to providing excellent peace of mind, homes in common-interest developments tend to sell at 5%-6% above the rate of an identical home in a neighborhood that does not include an HOA.
  • Less Legwork for Homeowners – Many HOAs take care of trash removal, gardening, snow removal, recycling, and other tasks, averting these headaches for individual homeowners. Because HOAs have set standards, they can also reduce the odds of any potential conflict with your neighbors, such as yard maintenance and noise control, by helping settle the dispute rather than relying on direct confrontation between neighbors.

 With great attributes such as these, it is easy to see why common-interest developments have gained popularity and are considered an excellent selection for a happy home-sales and home-ownership experience!

Hi, I'm Scott

I'd love to learn more about your new development or project. Use the link below to request a proposal.


Stay up to date.

Sign up our newsletter for latest article and news.
Community Associations and Inflation

Community Associations and Inflation: Strategies for Resilience and Financial Stability

Inflation is a persistent issue that wreaks havoc on the financial health of community associations. From project delays to regular assessment increases and impact on reserve funds, the effects of inflation can be far-reaching and challenging to manage. Community association boards must be proactive in mitigating the impact of inflation to ensure that they can continue to provide necessary services to their members while also planning for future capital projects.

Read More »
Your Go-To for DRE Public Report Processing

Your Go-To for DRE Public Report Processing

If you are a real estate developer in California, obtaining a public report from the Department of Real Estate (DRE) is a crucial step in your project’s success. The public report discloses important information about the development to prospective buyers, such as an overview of the community, the developer’s financial stability, the project’s legal status, the association’s monthly assessments (if any), and the estimated completion date.

Read More »
Reserve Study Misconceptions: Debunked

Reserve Study Misconceptions: Debunked

As an owner or manager of a homeowner’s association or other planned community, it’s your responsibility to ensure that finances are properly managed. Reserve studies are vital for an association to maintain its financial health, as they are required to take place every three years in accordance with CA Civil Code 5550. However, there are several misconceptions about them. We’re going to divulge some of the most common myths about reserve studies and explain why they are untrue.

Read More »
Schedule a Call
Discuss your project or needs with someone from the California Builder Services team.