How do I find out how HOAs affect the value of homes compared to areas without HOAs?
You ask an important question. Our website contains some data and graphs that suggest that HOAs have had no effect on property values in the Houston area. Values seem to depend on the age old “location, location, location” mantra. To be fair, the CAI – a group that promotes the interests of the attorneys and management companies that profit from the current laws concerning HOAs – claims to have data that indicates that HOAs improve property values. We do not agree with that claim. Further, while you did not ask for more than information on property values, we feel it important to add the following. We believe that there are things more important at issue and at risk in the HOA area than property values.
You ask an important question. Our website contains some data and graphs that suggest that HOAs have had no effect on property values in the Houston area. Values seem to depend on the age old “location, location, location” mantra. To be fair, the CAI – a group that promotes the interests of the attorneys and management companies that profit from the current laws concerning HOAs – claims to have data that indicates that HOAs improve property values. We do not agree with that claim. Further, while you did not ask for more than information on property values, we feel it important to add the following. We believe that there are things more important at issue and at risk in the HOA area than property values. As we have followed the various HOA issues, we have seen the following: • We have seen senior citizens, persons down on their luck, and minorities forced out of their homes in the name of protection of property values. • We have seen neighborhoods lose all control of their fate to attor
