Article Courtesy of Boca
News Now
Published August 7, 2022
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BOCA RATON — A new study just out by Rocket Mortgage reveals that while most
Floridians tolerate living in communities controlled by Homeowner
Associations, fewer than half of those surveyed like it. Roughly 45 percent
of all Floridians live in a community controlled by an HOA.
The study, released Monday, reveals that only 43 percent of those questioned
say they ”like” having an HOA. Of the 1001 HOA residents and board members
questioned, 49 percent said they are likely to buy in an HOA neighborhood
again, 26 percent were neutral, and 25 percent said they are unlikely to buy
in another HOA community.
When asked if their neighborhood is better or worse than they thought it
would be with an HOA, 47 percent of homeowners questioned said they think
it’s better, 25 percent were neutral, and 28 percent said it’s worse.
An eye-opening result from the Rocket survey: 37 percent of BOARD MEMBERS
said they dislike have an HOA, while 31 percent of homeowners in HOA
communities said they believe their HOA board has too much power.
Two more fun facts: 10 percent of homeowners questioned said they are
considering selling their homes for HOA-related reasons. And… 40 percent of
homeowners and 19 percent of HOA board members believe their HOA board is
incompetent.
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