Things You Need To Know About HOAS
After much scouring around with your real estate agent, you’ve finally found the perfect property.
It is everything and more. 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.
You’re just aching to escape that dreary and cramped apartment unit into a place of your own where no one will nag you over rent and more importantly, tell you what you can and cannot do with your decorating choices.
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 give your real estate agent the go signal to purchase the house, learn more about HOAS and why you should consider Stewart Realty.
What Is HOAs and Is It A Problem? 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. More policies include how often you need your lawn trimmed, or the number of cars you are only allowed to park on the road in front.
An HOA, to your surprise, may have the authority to deem you worthy to be a part of that association.
There is an estimated 350,000 HOAs in the United States alone. That is an estimate of over 40 million homes in all. That’s more than 50% of independently owned home in the country.
But with the seemingly bad rep HOAs is getting, why are more people trying to get into this very limiting home owning arrangement in the first place?
A lot of people still choose HOAs because they are assured of peace and security in the neighborhood they live in.
HOA home owners are assured to be able to maintain their home’s value with the help of these seemingly troublesome policies about aesthetics and maintenance.
In a Home Owners Association, members of the HOA will normally help each other out to look after an abandoned home. 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. Another wonderful perk of being in an HOA is having shared recreational facilities like a multi purpose hall for parties and gatherings, ball parks, and even a swimming pool.
Stewart Realty offers information about HOA living so do check out their blogs.
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