any communities have permission (it was a deep, wine
associations for red). The notice went on to state
homeowners, property that the door would have to be
owners, condo owners, or similar returned to its original dark
associations. The presence of a green color or an exception
homeowners association, also applied for within ten days.
known as "HOA", introduces Although she liked the townhouse,
another layer of rules and the potential buyer decided she
regulations to consider when did not want to live with this
buying a home. Some people love sort of micromanagement.
these associations and some hate
them. Some associations add a
significant amount of cost to the
Homeowners' Associations home purchase via high monthly,
quarterly or annual dues
Some associations have very payments. An aggressive
simple rules such as no association may also attempt to
abandoned, non-working motor issue levies on homeowners for
vehicles and no grass above ten improvement projects. My husband
inches tall are allowed. Others and I once looked at a penthouse
have architectural review boards condo on the outer banks of North
that must approve your paint Carolina. I was reviewing the
scheme before you can repaint annual budget for the condo
your house. I'm serious. association, and noticed a twelve
thousand dollar per unit levy
I was once looking at a townhouse made during the prior year. I
with a potential buyer, and a asked about it and was told that
neighbor knocked on the door to it "depends upon the ‘beach
hand deliver a notice that the push' situation." Further
door had been painted without questioning elicited the
information that when hurricanes Some associations maintain pools,
or severe storms eroded the tennis courts, elevators, trash
beach, fresh sand had to be collection, snow removal, grounds
brought in. Not only did it have maintenance, provide bus or limo
to be brought in, it had to be service, concierge service, and
pushed up into dunes and the in general make life pleasant and
dunes planted with sea oats and trouble free. While these are
grasses! I am all for preserving nice benefits, make sure you are
the environment, but the twelve comfortable with the costs
thousand dollar levy certainly associated with them.
made me nervous.
Look Before You Leap
If you are considering a property
controlled by an association, So, as you can see, whether your
watch out for the following: concern is protecting the value
of your investment (no junk
1. Sometimes associations limit cars), maintaining your freedom
what pets owners may have to choose (you want an eggplant
door, a place to park the company
2. If the association allows truck, and/or to build an
pets, it may limit the hours they addition with a family room and a
can be outside. new kitchen), it's very wise to
check out those things which can
3. Parking places may be assigned limit your control and increase
coupled with an aggressive towing the cost of home ownership before
policy. you buy.
About the Author:
Raynor James is with the FSBO site - http://www.fsboamerica.org - FSBO homes for sale by owner. Visit our "sell my home" page - http://www.fsboamerica.org/seller.cfm - to sell your house yourself with a free 1 month listing.
Source: www.isnare.com
