WASHINGTON, D.C. – (RealEstateRama) — Community associations, commonly referred to as homeowners associations (HOAs), condominiums, housing cooperatives, and mixed-use communities, remain preferred places to call home for more than 600,000 Nevada residents, according to the 2018 Homeowner Satisfaction Survey, conducted by Zogby Analytics for the Foundation for Community Association Research. The nationwide survey closely analyzes the community association housing model in the U.S. and further compares the national findings with those residents living in Nevada’s 3,000 community associations.
According to the survey, a significant majority of Nevada community association residents (72 percent) believed that their governing board “absolutely” or “for the most part” strives to serve the best interests of the community. Additionally, the same amount reported that they’re on “friendly terms” with their current community association board. The research also found that most Nevada residents affirm that a “clean/attractive” neighborhood is the best thing about living in a community association.
“Nevada’s vibrant and diverse communities are home to nearly 25 percent of the population who are happy in their homes, with their neighbors, and yes—their community association,” says Thomas M. Skiba, CAE, CAI’s chief executive officer. “As one of the fastest growing states—with a 10-year population growth rate of more than 16 percent, according to the U.S. Census Bureau—new housing developments are often in a form of a homeowners association, condominium, or housing cooperative. That’s why it is so important to see the proof in Nevada that the majority of residents are satisfied living in a community association.”
When asked about the state laws and regulations imposed on community associations, 61 percent of those surveyed said they would like to see less government control or no change to community association oversight. Nevada community association residents in the data sample commented on other association benefits, including:
• Eighty-seven percent said their community association’s rules protect and enhance property values or make no difference.• Seventy-eight percent said the fact that their current home is in a community association made them more interested or had no impact on their decision to buy.• More than three-quarters (76 percent) said their community association manager provides value and support to them and the community.• More than half (62 percent) reported that the community association should “insist that every homeowner pay the assessments” when residents neglect to pay.• The majority (60 percent) said they vote in national elections, and 47 percent said they “always” vote in state and local elections.• The average amount of assessments, or “fees,” paid by residents per month is $101–300.
“I encourage legislators to consider the perspective of all of their constituents living in community associations—especially the silent majority who are happy,” says Norman Rosensteel, PCAM, chair of the CAI Nevada Legislative Action Committee. Rosensteel added, “Legislators have a tough time sifting through facts regarding HOAs when considering the multitude of HOA legislative proposals presented by special interest groups that can compromise the integrity and success of Nevada’s community associations.”
Community Associations Institute (CAI) is the only global organization establishing standards and offering best practices and world-class education for community association board members and managers. Nevada has one CAI chapter that delivers critical resources, information, and guidance to people living and working in the state’s community associations. To learn more about the Nevada Chapter, visit www.cai-nevada.orgfor a complete list of contacts and state information.
The Foundation conducted similar surveys in 2005, 2007, 2009, 2012, 2014, and 2016. Results can be accessed at foundation.caionline.org.
About Foundation for Community Association Research (FCAR)
The Foundation for Community Association Research (FCAR) was founded in 1975. FCAR is a 501(c)(3) organization that supports and conducts research and makes that information available to those involved in association development, governance, and management. FCAR provides authoritative research and analysis on community association trends, issues, and operations. Our mission is to inspire successful and sustainable communities. We sponsor needs-driven research that informs and enlightens all community association stakeholders—community association residents, homeowner volunteer leaders, community managers, and other professional service providers, legislators, regulators, and the media. Our work is made possible by your tax-deductible contributions. Your support is essential to our research. For more information, visit foundation.caionline.org.
About Community Associations Institute
Since 1973, Community Associations Institute (CAI) has been the leading provider of resources and information for homeowners, volunteer board leaders, professional managers, and business professionals in 344,500 homeowners associations, condominiums, and co-ops in the United States and millions of communities worldwide. With nearly 40,000 members, CAI works in partnership with 36 legislative action committees and 64 affiliated chapters within the U.S., Canada, United Arab Emirates, and South Africa, as well as with housing leaders in several other countries, including Australia, Spain, Saudi Arabia, and the United Kingdom. A global nonprofit 501(c)(6) organization, CAI is the foremost authority in community association management, governance, education, and advocacy. Our mission is to inspire professionalism, effective leadership, and responsible citizenship—ideals reflected in community associations that are preferred places to call home. Visit us at www.caionline.org and follow us on Twitter and Facebook @caisocial. ?