Smith Mountain Lake’s residential scene contains neighborhoods with and without homeowners associations. The neighborhoods that do have HOAs vary quite a bit in standards, restrictions and benefits. The basics of an HOA, however, are prevalent in these communities and considering the pros and cons can be a great help to homebuyers who need to decide if they prefer to live in an HOA neighborhood or not.
realtor.com offers a brief list of pros and consfor those considering an HOA community, and here at Deb Beran Properties, we encourage our clients to know what they may benefit from with an HOA, and understand the requirements of living in such a neighborhood before buying a Smith Mountain Lake home in an HOA development.
HOA’s usually enforce standards of appearance and curb appeal, which for the home buyer who can’t stand a neglectful neighbor is a godsend. Rules can vary but are typically applied to home exterior design and materials, driveways, lawn maintenance and general upkeep. Some HOAs require prior approval for major alterations.
HOA’s benefit the homeowner with provided maintenance and extra services such as lawn care, snow and leaf removal and trash pickup. Homeowners who are out of town often will especially benefit from these services.
Dispute management is often handled by an HOA, preventing need for town authority intervention and can help settle a matter more quickly than two neighbors dealing with it on their own. Noise levels, clutter, out of control pets and property lines can be brought to an HOA’s attention, sometimes anonymously.
HOA’s can have strict standards and do require fees, but for the homeowner who expects a lot from the neighbors, it can be an ideal system of support, well worth the costs. Contact Deb Beran Properties for more information on Smith Mountain Lake’s homeowners association communities.