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How To Vet An HOA Before Buying - Fridays with Fred

 
How To Research A Homeowners AssociationAre you interested in buying a home in Southern California but found that it’s part of a homeowner’s association? This isn’t uncommon because many single-family homes, condos, and townhomes in SoCal are part of HOA’s.
In this article, we will provide you with several tips you can use for researching an HOA to make sure that it’s a homeowner’s association you want to be a part of.
#1 - Read The Covenant, Codes, And RestrictionsThe first thing that you want to do when researching a homeowner’s association is to read their documents including their Covenants, Codes, and Restrictions (CC&Rs).
Besides reading the CC&R’s of an HOA, you should also take the time to review their bylaws because, the bylaws will provide you with information on the voting rights of HOA members, specific meeting requirements, and what budget or assessment procedures they may have.
#2 – Review Their RestrictionsAnother important thing to do when reviewing a Homeowner’s Association is to look into their restrictions. Specifically, you want to find out things like how you can fix up on your property and what you can or cannot do.
Knowing the restrictions of an HOA are vital because, you may not be able to ... more

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