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After six years as a real estate agent, I still haven’t made my mind up on the value of homeowner’s associations. Can’t have anything window covering other than white? No potted plants visible from common areas? On and on.
This is a reblog, and I always disable comments on reblogs. If you would like to leave a comment, click on the link below and leave your comment with Gary who did all the work on this post and deserves your support with your comments.
Say "homeowner association" (HOA) and the first thing many think of is - rules!
And many see these rules as a positive.Most associations have architectural restrictions that may keep your neighbor from painting their house a bright yellow chartreuse, for instance.
Association rules (as well as city ordinances) can restrict the use of a home. Some associations restrict the type of vehicle you may have on your driveway overnight. Some limit the rental use of your property – like never, or establish minimum lease periods. Some may require tenant screening and approval as well. And lets not forget the yard!
Associations are made up of people. And people do not always get along.
Having lived in developments with and without associations I tend to believe they are a good thing. It is up to each buyer to decide for themselves.
In Florida, before you purchase any place…if there is an association – read the rules and bylaws. Ask to speak to members of the Board of Directors, the association manager, attend an HOA meeting if it is allowed, review the latest financial statement. I would inquire about how many owners are dilinquent on dues as this may impact a later increase.
In Viera, Suntree and many of the newer areas in Brevard County, you will find homeowner associations are not an option!
The reality is....
As long as you own a home in a development with an association, you are going to either be hindered, oppressed, stressed, harassed or protected by belonging to a homeowner association.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.