ABetterKamahl1234 t1_j2dzt83 wrote
Reply to comment by ry1701 in Website for HOA payments clearly states a $3.25 fee, but has been charging me 3.25%. Is this worth fighting over? by Melodic_Language_890
> HOAs, specifically the property management side of things are scum and they don’t impact property values like people claim too, especially in the housing market today.
I see people say this, but houses in my suburb (which are all similar 5 designs), if they try to sell on the street of the guy who doesn't manage his property at all causing a rat issue, are dramatically lower value than my street is.
So it really can matter. Not everyone cares for their property, and that certainly can affect the value of yours.
Paavo_Nurmi t1_j2ebdcz wrote
>So it really can matter. Not everyone cares for their property, and that certainly can affect the value of yours.
It can also be the exact opposite like my neighborhood.
I live in a really nice neighborhood but only a small part of it is in the HOA. The houses outside the HOA are more desirable and it's actually a major advertising point the real estate agents use. You can't tell the difference between the HOA houses and the non ones.
People vastly overstate the value of an HOA to a neighborhood. Where I live it does nothing for property values and in some cases actually hurts the value a bit. I'm not allowed to remove any trees and people really don't like the risk and mess they cause. The guy across the street from me had over $250k in damages from trees and finally told the HOA to fuck off and removed all of them. If I moved 2 houses down there is no HOA and I could do whatever I want to my property, including removing trees.
I'm sure there are places like you mentioned where it does matter, but if you are in an area with a strong housing market they do absolutely nothing.
ry1701 t1_j2e6k6u wrote
That’s where the city can step in for extreme situations which is what you listed
A 100+ HOA fee is going to discourage buyers and cause a decrease in value.
The city has actually contacted me cause one of my palms branches decided to cross the side walk.
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