Whether you have a majority of first-time homeowners or long-time residents in your homeowners association, everyone has a hefty investment in where they live. It’s important that the HOA board has a program in place to preserve the value of residences, as well as the surrounding common areas shared by all.
Most homeowners associations have a set of written design review standards and processes. Some homeowners mistakenly believe these standards restrict their freedom of individual expression; actually they provide a framework within which each homeowner can express individual tastes and preferences. The standards have been carefully developed to reflect a balance between individual rights and property values in the Association.
Like almost every community in the country, your homeowners association is probably feeling the pinch in the housing market. We’d like to dispel a few common misconceptions about what contributes to the rise and fall of property values.