Q: Do homeowners associations increase property value?
A: Homeowners associations (HOAs) are useful to communities because there is no zoning in Houston.
An active HOA works to help enforce deed restrictions. Deed restrictions can involve such items as architectural control of new construction as well as remodeling activities. They may also be responsible for the maintenance of common areas such as a community pool or clubhouse.
Most of the higher priced homes in Houston are in communities that have an active HOA. River Oaks, Tanglewood and Briargrove are just a few examples of neighborhoods with very strong and active HOAs.
Other items a HOA might enforce include making sure lawns are maintained and that the correct number and size of vehicles are being allowed to park on the property.
There is also a social aspect to the association that tends to bring the community together. They often have get-togethers that are coordinated by the association such as holiday parties and other gatherings.
Neighborhoods that don’t have active homeowners associations can end up being really varied as lots get divided up and multi-use is allowed. So, in a round about way, HOAs do increase the value of a property.
— Wanda Taylor, Taylor Real Estate Group, 713-918-6565, www.taylorrealestate.com