Homeowners associations are increasing in popularity, and they establish rules and regulations for a development of property owners. The idea of a homeowners association is to keep the neighborhood or area more uniform and preserve the property values of houses or condos. If your prospective new home is part of a homeowners association, you may want to ask the following questions to learn about the different rules of the neighborhood or complex:
1.) What Are the Covenants, Conditions, and Restrictions? These can limit what types of home improvements are allowed, how many pets you can have, and many other aspects.
2.) How Much Are the Monthly Dues? These dues go towards the upkeep of common areas and can range greatly depending on amenities.
3.) Speaking of Amenities, Do I Have Any? You may have access to pools, tennis courts, etc. which could be huge pluses for living in the area.
4.) What are the HOAs Bylaws? It’s important to figure out what these rules are and follow them.
5.) How Does the Board Operate? You want to be sure that the homeowner’s association board for that area is an effective team that deliberates on pertinent issues.
6.) What Can or Can’t Be Placed In Common Areas? This applies more to condominiums, as some, for example, have rules against religious items, such as the Jewish mezuzah, being placed on the outside door frame.
Keep these questions in mind when looking for your new abode in order to ensure your happiness at your new place. When you’re ready to make the move, check out these moving tips!