The Growing Popularity of HOAs

The Growing Popularity of HOAs

For some, Homeowners Associations (HOA’s) represent oppression and restrictions of personal freedoms when it comes to their housing. It seems not a week passes when we don’t read a story about an HOA that appears to be over-reaching in its control of a community. They have forced residents to take down flags, mow their lawns to certain lengths, and have even stopped children from selling lemonade from front yard stands. There is even a popular commercial poking fun at how meticulous some associations can be.

The reality is, however, that HOA’s and community associations are an increasing part of the way we live in America. It is estimated that about 25% of homeowners live in an association managed community. Perhaps more significantly, in 2019, about 75% of new construction was occurring in managed communities. The trend is clear. Homeowners and community associations are becoming more common.

Why the popularity?

Well, in spite of the negative press and perhaps over-reaching by some HOA’s, most residents like living in communities that ensure property owners keep their properties well maintained. It protects property values and aesthetics of a neighborhood. It appears residents enjoy having a resource to address neighbor and neighborhood issues like unruly parties, large commercial vehicles parked in driveways, purple or pink painted houses or dogs roaming the streets.

HOA’s are also a bit more flexible and varied than in the past. While many HOA’s charge fees into the hundreds of dollars per month and provide a variety of amenities with almost unlimited power, some communities have smaller, less expensive HOA’s with limited restrictions.

Perhaps, HOA’s are a passive/aggressive way to handle potential problems with neighbors. They sometimes serve as the adults in the room.

No matter the reason, HOA’s are not only here to stay but are growing in acceptance and even popularity. They can provide protection for a homeowner’s investment, maintenance services and consistency through a community. They also provide an outlet to call should a neighbor paint his garage door day-glo lime.

Many HOA’s have guidelines and even regulations regarding the amount of homeowners’ insurance a resident should carry. Are you in compliance? Contact one of our independent home insurance agents today to review your HOA covenants and your policy. Make sure you have the necessary coverage for your home and your community.

Leave a Comment





Retail Sales Through the Years

October 21, 2021

Using Your Smartphone to Enhance Your Life

October 20, 2021

What You May Not Know About Electric Vehicles

October 19, 2021

What You Should Know About College Living Spaces

October 18, 2021

Things You May Not Know About Radio

October 15, 2021

The Dramatically Changing Workplace

October 14, 2021

Life’s Important Numbers

October 13, 2021

Want an SUV? Could It Be a Porsche?

October 12, 2021

Five Surprisingly Easy Home DIY Projects

October 11, 2021

The Humble Little Red Wagon

October 8, 2021

Special Events Insurance

October 7, 2021

Your Life Insurance Application Can Be Your Guide to Living Longer

October 6, 2021

Is Auto Insurance Really That Complicated?

October 5, 2021

3 Easy Ways to Save on Your Home Insurance

October 4, 2021

The Disappearing Copper Penny

October 1, 2021

What is Professional Liability Insurance?

September 30, 2021

The Price of Your Morning Cup of Coffee

September 29, 2021

3 Long Term and 1 Instant Way to Save Money on Auto Insurance

September 28, 2021

A Yard, A White Picket Fence, a Dog and a Pool

September 27, 2021

America’s Favorite Party Cities

September 24, 2021

Your First Business Experience

September 23, 2021

What Amount Would You Sue For?

September 22, 2021

Car-Focused Promotional Items You Don’t See Often Anymore

September 21, 2021

Things Around Your Home Are Multiplying!

September 20, 2021

Spooky Places in America

September 17, 2021

The Importance of an Exit Strategy

September 16, 2021

When is the Best Time to Shop for Auto Insurance?

September 14, 2021

Things Around Your Home Are Disappearing!

September 13, 2021

Sweet Facts About Candy

September 10, 2021

The Business of Business

September 9, 2021

Why is Life Insurance Least Expensive for Those Who May Need It Least?

September 8, 2021

What Impact Do Seatbelts Really Have?

September 7, 2021

Why Renters Insurance Is Important

September 6, 2021

Surprising American Cities With Exceptional Zoos

September 3, 2021

One of Your Most Important Assets: The Reputation of Your Business

September 2, 2021

The Value of Resilience and Flexibility

September 1, 2021

Vehicle Trivia: See How You Score

August 31, 2021

The Growing Popularity of HOAs

August 30, 2021

Five Places in America Where You May Wonder If You Are Even on Earth

August 27, 2021

The Art of Open-Ended Questions

August 26, 2021

How Long is…?

August 25, 2021

Some Things About Cars You May Not Have Known (or Even Thought About)

August 24, 2021

The Rising Costs of Building Materials

August 23, 2021

Are You Normal?

August 20, 2021

Who Is Your Business Really Competing Against?

August 19, 2021

Mr. Cheapo’s Bootcamp

August 18, 2021

The Interesting Story of the Inventor of the Automobile

August 17, 2021

Summertime Safety Tips

August 16, 2021

Ten Things About Florida You May Not Have Known

August 13, 2021

The Things You Do to Protect Your Business

August 12, 2021

Common Fears and How to Overcome Them

August 11, 2021

Getting the Most Out of Your Garage

August 10, 2021

Weird and Wild Weather

August 9, 2021

Five Unusual and Weird Tourist Attractions in the United States

August 6, 2021

Rejuvenating The Digital Presence of Your Small Business

August 5, 2021

The National Death Index: The Ways We Die

August 4, 2021

Notable Car Racing Themed Movies

August 3, 2021

Seven Dishes College Students Must Know How to Make

August 2, 2021

How Some Companies Built Brand Loyalty

July 30, 2021

Surprising Product Origins

July 29, 2021

Contact Us

-CONTACT US

Have A Question?

We have an answer. Call us at 1-719-233-6865

Licensed in Colorado and Wyoming

1-719-233-6865

© Copyright 2021 Averill Insurance  |   All Rights Reserved
Site by ICA Agency Alliance

Licensed in Colorado and Wyoming
1-719-233-6865

© Copyright 2021 Averill Insurance  |   All Rights Reserved
Site by ICA Agency Alliance