Isabella T Sanders
Email: IsabellaTSanders@IsabellaTSanders.com
Institution/Organisation:
Authored/ Co-authored Research
Title: DETERMINING THE VALUE OF HOMEOWNERS ASSOCIATIONS USING STATISTICAL METHODS
Published: Sanders, IT. (2022) Determining the Value of Homeowners Associations Using Statistical Methods, Georgia: Foundation for Community Association Research
Funders: Byron Hanke Fellowship, Foundation for Community Association Research
Author/Co-authors: Isabella T Sanders
Keywords: Building management, Economics / markets, Quantitative research/statistics,
Summary:
Residential Community Associations charge monthly or yearly fees to provide services and regulation within residential neighborhoods. In this study, we examine whether ownership (and mandatory membership in such Associations) increase sale price and or market value of a home. We build a novel dataset consisting of both properties with HOA membership and without HOA membership within the suburbs of the Atlanta Georgia. Through the use of linear regression and hypothesis testing we find that in almost all cases, membership in an HOA does increase property sale price and market value.