Homeowners associations first emerged in the United States in the mid-19th century, but have become increasingly common in this country since 1964. Today, there are over 25.9 million homeowners who are members of homeowners associations, or about 63.4 million individuals. These associations offer a number of benefits, including shared neighborhood values and decreased ownership responsibility, that can enhance community or residential life in a number of ways.
However, some homeowners associations may not run at optimal performance for a variety of reasons: for example, because homeowners associations are often run by a board of neighborhood residents,there is often no guarantee that board members have the necessary experience or time to ensure that the community is being run properly. Likewise, there may be community disagreements over which services to use to create the best living environment. In these cases, many homeowners associations turn to residential property management services to
There are an estimated 325,203 homeowners associations located in the United States.
The U.S. homeowners association industry employs an estimated 901,726 people.
Homeowners associations can compel homeowners to pay a share of common expenses, usually per-unit or based on square footage.
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