Research has confirmed it: smart HOA money management is important to property values. For example, recent study on the “Impact of Reserve Fund Strength on Home Values” was particularly revealing. It found that among comparable condo associations in demographically similar neighborhoods, the sale price of units in communities with a strong reserve fund averaged 12.6% higher than the sale prices in underfunded communities. This means there is a direct correlation between reserve fund strength and property values. But despite the connection, over 70% of association-governed communities nationwide are underfunded. Read the article………………
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