Recent research conducted in Northern Virginia by a professor and student at George Mason University indicates that community associations can add a 5-6 percent increase in property values over similar homes in nearby non-association communities. Writing in Regulation magazine, the authors say that the increase in home value attributed to community associations is “especially remarkable when one considers that (HOA) residents pay twice for many local services—once in taxes and then again in HOA fees.” The authors also pose valid questions, such as: Do community associations increase home values because they offer better-quality services than local government or because they offer services that local governments cannot offer (like more restrictive zoning) or do not offer (like greater security)?
Ten Reasons to Volunteer for Your Association
- Protect your self-interests. Protect your property values and maintain the quality of life in your community.
- Correct a problem. Has your car been towed, or do you think maybe maintenance has been neglected?
- Be sociable. Meet your neighbors, make friends, and exchange opinions.
- Give back. Repay a little of what’s been done for you.
- Advance your career. Build your personal resume by including your community volunteer service.
- Have some fun. Association work isn’t drudgery. It’s fun accomplishing good things with your neighbors.
- Get educated. Learn how it’s done—we’ll train you.
- Express yourself. Help with creative projects like community beautification.
- Earn recognition. If you would like a little attention or validation, your contributions will be recognized and celebrated.
- Try some altruism. Improve society by helping others.
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