Things You Need To Know About HOAS
Many months have passed and now you and your real estate agent have finally hit gold and found the one.
It has everything you need. From a glorious master suite, to a very welcoming kitchen space, a basement men all over the world would drool over, and enough extra space all ready for renovation.
It’s been your dream to get out of that impossibly confining apartment unit into a place of your own where you are the master and you do whatever you want with it.
But if your dream property is already part of a Home Owners Association, you’ll find that all that freedom about being able to do anything you want with your home may be a bit limited.
Before you cough up a huge chunk of money from your bank account, read on to know about HOAS and how Stewart Realty can help you with this predicament.
Will HOAs Ruin Your Chances At Creating That Perfect Home? If your house is listed under an HOA, you’ll soon realize there are policies your house should follow.
Things like what colors are only allowed to paint your exterior with, the kind of pets you can get, and even plants you are allowed to grow. Usually they may have policies on lawn mowing and how often you should get that done as well as the number and kinds of vehicles you are allowed to park out front.
An HOA, to your surprise, may have the authority to deem you worthy to be a part of that association.
There are about as many as 350,000 HOAs in the US. That is an estimate of over 40 million homes in all. That means there are more members of an HOA than those owner-occupied homes in the country.
With those numbers you’d think home owners would avoid Home Owner Associations like the plague but instead they all seem to flock to it so what’s there to consider?
A lot of people still choose HOAs because they are assured of peace and security in the neighborhood they live in.
All these policies about aesthetics and lawn care help maintain the value of homes in an HOA neighborhood.
If a house is under foreclosure, members of a Home Owners Association will normally come together to look after it. This allows the now empty house to somehow maintain its value thereby help the neighborhood not lose any.
Having private security guards in the neighborhood is one of the many perks in HOA living. There are also many shared facilities that cater to recreation and gatherings such a multi purpose hall, basketball courts, even a swimming pool.
Stewart Realty offers information about HOA living so do check out their blogs.
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