Is a Home Owner’s Association Right for You?

hoa

Seventy percent of residents living in a community with a Home Owner’s Association (HOA) are satisfied living with its rules and regulations (source IBOPE Zogby International). The same survey showed 81 percent of association residents consider their association assessment as good or great, and 76 percent say the dues enhance property value.

Many buyers may think it is just another monthly payment and seek to avoid these neighborhoods. Some buyers may view HOAs as restricting because they may control the color that your paint your house or the types of landscape you can have, but in actuality, these regulations often protect the value of your home. Many buyers miss the big picture of how HOA fees can be a benefit.

One of the most attractive benefits to HOA fees are the amenities. Some communities offer clubhouses, libraries, gyms, tennis courts, basketball courts, parks or other attractive amenities that are paid for through HOA fees. Residents have access to amenities without the hassle of maintenance since the HOA handles that for you. Homeowner dues can vary greatly by neighborhood and the specifics of what they cover.

The largest HOA in Anacortes is Skyline which is located on the west end of Fidalgo Island. Tug Boat Park, Skyline Beach Club, waterside cabana, tennis courts and play areas are just some of the amenities Skyline provides.

Skyline Marina is not part of the HOA, but is a great benefit as it allows you to launch your boat close by or have it in the water in your backyard.

These are only basic benefits of an HOA and each neighborhood has unique coverage included in their fees and their own fee rates. Some communities may offer all of these benefits, while others may offer only a few. It is important when looking to purchase a home with HOA to consider what all is included in the fees. Ask your agent about the community and the fees to ensure the neighborhood is the right fit for you and your family.

If you would like more information about Anacortes Real Estate, Anacortes Homes for Sale or if you are wondering what your Anacortes home is worth, please contact Jean Groesbeck at (360) 941-3734 or email Jean@JeanGroesbeck.com.