By Deborah Goonan, Independent American Communities
A few months ago, I wrote an article Research reveals home buyers seek non-HOA communities, providing research findings from different sources that indicate a low demand for HOAs.
Since that time, National Association of Home Builders (NAHB) has published a more recent survey summary, that leads to the same conclusions.
Here’s a link to the summary, conducted by NAHB.
While the survey did not ask buyers to rate their preferences specifically to Association Governed Residential Communities (homeowners’ and condo associations), once again, 2016 survey results show clearly that buyers prefer to avoid community features that are inevitably associated with Association living.
First of all, the vast majority of buyers (65%) do not want multifamily housing. That eliminates condominiums and townhouses that almost always come with mandatory membership in either an HOA or COA. What’s particularly interesting is that younger…
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