Is a Neighborhood With an HOA (Home Owner’s Association) for Me?
It all depends on the style of home-owner you are. Do you want to follow rules that are made to better the neighborhood? Do you like shared green spaces and amenities that a HOA maintains? If the answer to these questions is Yes, then a neighborhood with a HOA might be for you.
As a Realtor and homeowner I have a huge appreciation for neighborhood and the look/feel a great neighborhood has. When I pull into my neighborhood I love that we have a beautiful entrance (that’s maintained by the HOA). I love that our HOA is active and works to provide a safe and fun neighborhood to live. We have a pond with water fountain, basketball court and acres of land for our neighborhood families to play. Each Summer we have a neighborhood party and when a new neighbor moves into our neighborhood we welcome them with a welcome basket and help them feel comfortable with their new “Hood” as we like to call it.
We also have “Rules” to keep our neighborhood safe and beautiful. These rules are usually the things that drive some families crazy. For example, you can’t park your boat/RV/company vehicle in your drive for more then 3 days at a time. This rule doesn’t bother me as I know it keeps things looking orderly and I don’t have any of those things hanging out in my drive any way. Other folks hate the rules and feel as though they should be able to do what they want with their personal property. These are important questions to ask before you move into a neighborhood that has an HOA. Restrictive Covenants are the rules that an active HOA follows.
HOA Fees vary from area to area. In our neighborhood, we pay less than a dollar a day but we don’t have a swimming pool or high dollar gate system. Those that do and live in more of an exclusive area could see those numbers jump significantly. In some neighborhoods the HOA actually maintains the garbage collection system and even the water/well system. Before moving into a neighborhood with an HOA you’ll want to make sure the association is in good financial standing and that you won’t be assessed any extra fees due to the associations failure to maintain a positive balance.
So, when looking at neighborhoods make sure you ask if there’s an HOA, Restrictive Covenants and Fees and what those fees cover. You may also want to ask how active the HOA is as this will help you determine if the neighborhood you’re looking at is for you.
I LOVE my neighborhood because it fits my personality perfectly. You just have to decide what type of neighborhood fits you. Please contact me if you’re looking to move into a neighborhood with an HOA as I can help you answer some questions you may have about it.