The Pros and Cons of Vail Homeowners Associations
March 8, 2017
Living in a neighborhood or condominium with a Homeowner’s Association definitely has its perks: manicured lawns, fitness centers, pools, valet, security, cleaning services, etc. However, anytime money and people with opposing opinions mix, there is usually impending strife. So is it worth it? Being a part of a HOA. Let’s find out.
Pro: The Place You Live Will Look Great
There is not much worse than 1 home in a neighborhood of otherwise nice-looking houses looking worse than the rest. The grass may be overgrown or the paint may be peeling. Maybe the owner of a home in the neighborhood simply refuses to move his giant RV off the street. This is exactly why HOAs exist: many people like living in well-kept neighborhoods and do not want to tell their neighbors to get it together for the sake of the hood.
Con: You Can’t Always Do Whatever You Want
In a neighborhood or building with a HOA, you won’t have to worry about reminding your neighbors to mow their lawns, but sometimes the HOA is going tell you how to manage the property you own, and there are going to be expenses you may not want to pay, but you have to.
Pro: Access To and Care Of Amenities
If you want a home that has its own pool or hot tub, then you may consider living in a neighborhood or building with a pool or hot tub. The HOA is responsible for taking care of the pool and the hot tub, so you don’t have to worry about it. Plus, the costs for maintenance are shared (this usually includes costs for lawn care, community snow removal, and upkeep of common areas).
Con: Limited Admission to Amenities
You may, however, have limited access to the amenities in the neighborhood. For example, the fitness center and pool may be closed at nighttime or booked for private events. Furthermore, you’ll have to share the facilities with other people in your neighborhood.
HOAs in Vail
The thing about Vail is you might not be in town for the entire year. If this is your situation, then you may consider renting your home or condo out to tenants for the months you are not in Vail.
Before you purchase a home with a HOA, find out the HOA’s rules pertaining to renting, because some HOAs limit who can rent and for how long. The benefit of having a HOA when you’re not in town the whole year is that you don’t have to worry about your lawn being mowed or snow being removed—someone will do it for you.
Find Homes With HOAs With Access Real Estate
Visit Access Real Estates’ website today to view our current listings of homes and condominiums available for purchase in Vail, Colorado and the entire Vail Valley. Reach out to our team with questions by filling out our online contact form. We’ll be in touch soon!