What is an HOA?
An HOA, or Home Owners Association, is an organization that creates and enforces property and resident rules and guidelines for a subdivision, planned community, or condominium. Typically, an HOA is composed of and ran by the community’s residents. When purchasing property within an HOA’s jurisdiction, residents become members responsible for paying community expenses called HOA Maintenance Contributions. These contributions are collected monthly or annually by the board of directors to pay for standard maintenance and upkeep of the community’s facilities.
What is the purpose of an HOA?
An HOA provides regulations and guidelines for its members. The policies are designed to preserve and enhance the community’s property values. The contributions from the homeowners help pay for necessary repairs within the community and regulate the cleanliness and condition of the property.
Depending on the community, HOA contributions cover amenities such as landscaping, trash collection, parking lots, and facilities such as swimming pools, tennis and basketball courts, baseball fields, fitness centers, playgrounds, and shared community spaces.
Do all Maronda communities require you to pay HOA expenses?
No, not every Maronda Homes community or subdivision offers an HOA. While some communities have structured HOAs with dues and a governing board made of residents, many of our communities do not, and our scattered homesites of communities offer little or no expenses.
Being a part of a Home Owners Association builds up a positive rapport in the community. It gives residents control over the communities surroundings while regulating the safety of the neighborhood. Start building with Maronda today.