Answer:
HOAs exist to maintain property values and ensure that neighborhoods are kept in good condition. By enforcing rules and regulations, HOAs can help prevent issues such as unkempt yards, run-down properties, and other factors that could negatively impact property values.
In addition, HOAs can provide amenities and services to residents, such as community pools, parks, and landscaping. These amenities help to enhance the overall quality of life for residents and make the neighborhood a more attractive place to live. By having an HOA in place, residents can have a sense of security knowing that their neighborhood will be well-maintained and that property values will be protected.
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