Do you think a home in an HOA loses Value to one not in one?

When buying luxury homes, if you have one that is on a large lot in an HOA and one that is similar that has no HOA, does being in an HOA hurt the property value or just the salability?
  • November 20 2013 - Scottsdale
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Answers (13)

If you can provide me with the community name and house address, I could provide you with a market analisys wich will give you an idea of the values.
  • September 29
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Profile picture for burncard98
Unless the HOA covers the roof, having one is an absolute pain in the neck.  Basically paying someone to babysit you.  
  • June 15
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Profile picture for MyraKPeric
HOA's are not everyone's taste; however, HOA's can be beneficial in keeping up property values due to the fact that they have stringent guidelines as to how homeowners must keep their properties. These guidelines prevent homeowners from not maintaining the property; furthermore, homeowners may not make alterations to the property that are not conforming to the standards of the property. Also, many times one can not park non-operational vehicles because of HOA bylaws nor can they leave yard equipment or trash cans out. There are many way in which HOA's help alleviate neighborhood nuisances thus raising values.
  • March 13
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  • March 13
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Profile picture for Cory Roberts
I think when the luxury property is on a 5 acre parcel, the HOA would no longer be valuable. In fact, it may prove to be a hindrance as most people looking for acreage w/ a luxury home are not interested an HOA and the amenities that come with it. They are searching for the larger property so that they can have privacy and be left alone and certainly not be monitored by an HOA.
  • November 23 2013
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In the luxury market, most buyers anticipate an HOA as they desire amenities like a gated community (many times guard gated). In those situations and locations, I think an HOA is a large benefit. They also help keep up the common area and set more strict rules so you dont have to worry about a neighbor painting their home purple, etc. However in areas like Paradise Valley, it is also common for buyer to want an acre property which is privately gated with no HOA. Most homes in the area are well kept, the city keeps a pretty tight leash on things plus the owners have one less bill to pay each month.
  • November 21 2013
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It truly does depend on the HOA  rules and the company that manages it. In the area I reside I would not purchase a home that was not in a neighborhood that was not in an HOA. But there are some bad ones for sure
  • November 20 2013
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I would say not typically, but it would depend on what the HOA fees are and what the buyer gets for those fees.  In theory these fees should be going to maintain the areas in this subdivision.  If you get what you pay for then it should not be a problem.

Good Luck!
  • November 20 2013
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It depends on what the buyer is looking for.  A well run HOA is an asset, a poorly run association can  be a headache. 
  • November 20 2013
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Everyone has a different perception of an HOA.  Some buyers prefer homes in an HOA since they want ammenities, a gated community, or the like.  Other buyers prefer homes with no HOA so they can store a boat or RV.  
  • November 20 2013
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Ok Lets say the home is a Luxury property on a lot of 5 acres or more, do you think that it is still beneficial?
  • November 20 2013
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I totally concur with Sandy above.
  • November 20 2013
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It depends on the HOA. There are may pros and cons of HOAs. A well run, properly funded HOA that has well written by-laws can actually be beneficial to the property value by enforcement of restrictive covenants that maintain the integrity of the neighborhood.Conversly, an HOA that is not managed properly and is underfunded can be a negative influence on property values as well.
  • November 20 2013
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