What is a homeowners association and why are there HOA fees?

An HOA, or homeowners association, is an organization that manages a group of homes in a residential community. These associations help govern the community by setting and enforcing guidelines, maintaining common grounds, and coordinating with homeowners. 

Homeowners residing in areas that have these organizations are required to pay some form of HOA or community fee. Though this does present an additional monthly or annual cost to the homeowner, there is a myriad of benefits to having a homeowners association within your community from increased property value to improved quality of life.

Property Value

Purchasing a new home is understandably a large investment, and as a homeowner, it is pertinent to ensure that you can get a significant return on your investment should you choose to sell your home. A homeowner’s association’s essential purpose is to maintain the property value of homes within your community. 

Improving the appearance of the property by landscaping and maintaining uniformity helps to generate curb appeal which directly impacts property value. 

Amenities

HOA organizations are responsible for the maintenance and upkeep of community amenities that are available to all residents.

Altura Bayshore features an extensive list of community amenities including our luxury, rooftop pool deck featuring a bar area, flat-screen TV, BBQ grills, fire pit, trellis-covered spa, and so much more. The rooftop level is also home to our club room where residents can relax overlooking Hillsborrow bay with a gas fireplace, large bar, and flat-screen TVs.

The 4th level amenity deck offers an additional terrace, firepit, and bar area, as well as a fitness center with bay views, pickleball and bocce courts, half-court basketball, a dog park with shade pavilions, and guest suites that are available to residents on a reservation basis.

Altura Bayshore’s amenities are private and are solely enjoyed by residents and their guests, though amenities vary and are unique to your community.

Quality of life

Homeowners associations are responsible for setting guidelines within each residential community from common area etiquette to maintenance requirements, in turn ensuring a better quality of life for its residents.

Each and every community member is responsible for upholding community standards which are enforced on a consistent basis, without preferential treatment. 

The convenience of services

Convenience is truly at the epicenter of the countless benefits of living in a community with a homeowners association. The amenities that are available to residents allow for ample entertainment within the community itself without the hassle of travel and scheduling. 

The homeowners association maintains the entire community, from the common grounds to various amenity centers, ensuring that residents will always have an attractive, polished community to call home without the inconvenience of maintenance.

Homeowners associations are responsible for protecting the investments of their residents and fostering a beautiful place to call home. From convenience to the countless amenities available, residing within an HOA is truly incomparable, and the slight cost required is outweighed by the benefits that each and every community member enjoys. 

For more information about the amenities and services offered to Altura Bayshore residents, please visit https://alturabayshore.com/tower-amenities/.