Reputable commercial real estate company Gaughan has been involved in multiple construction and development projects across Minnesota for nearly five decades. In addition to offering general contracting services, facility maintenance services, and buyer and seller representation, Gaughan provides homeowner association (HOA) management from offices in Forest Lake and Coon Rapids, Minnesota.
HOAs typically are managed by a board of residents who allocate community fees to fund repairs, maintenance work, and necessary improvements. Purchasing or renting a home in an HOA community has many benefits, including:
- Stable home value. In addition to maintaining curb appeal, HOAs regulate many of the exterior features of the homes in their communities. This gives the neighborhood a well-kept appearance and helps keep property prices stable.
- Mediation. HOAs serve as mediators should any disputes occur between community members. Additionally, HOA representatives are responsible for enforcing all of the community rules. If a resident violates one of the regulations, neighbors can report the offense to the HOA rather than confront the person directly.
- Amenities. Many HOAs include desirable shared spaces, including parks, gyms, sports facilities, and clubhouses. These areas contribute to a sense of community as neighbors perform recreational activities together.
HOAs typically are managed by a board of residents who allocate community fees to fund repairs, maintenance work, and necessary improvements. Purchasing or renting a home in an HOA community has many benefits, including:
- Stable home value. In addition to maintaining curb appeal, HOAs regulate many of the exterior features of the homes in their communities. This gives the neighborhood a well-kept appearance and helps keep property prices stable.
- Mediation. HOAs serve as mediators should any disputes occur between community members. Additionally, HOA representatives are responsible for enforcing all of the community rules. If a resident violates one of the regulations, neighbors can report the offense to the HOA rather than confront the person directly.
- Amenities. Many HOAs include desirable shared spaces, including parks, gyms, sports facilities, and clubhouses. These areas contribute to a sense of community as neighbors perform recreational activities together.
