If you're looking at a home that is part of a planned community or has a homeowner association (HOA), you should be aware of monthly or annual dues, rules regarding your property (pool, lawn decorations, landscaping, parking, fences, painting, pets), and any other rules they may have, or have the authority to make, in the future.
Many people enjoy living in a planned community because they feel safe and want to meet others in the neighborhood. Most planned communities organize several events throughout the year where neighbors can meet each other and have some local fun. Some of these communities have pools, tennis courts, walking trails, playgrounds, schools, parks and other amenities.
There are definitely both pros and cons to being part of a planned community that has bylaws and/or a homeowner association. It's really a personal lifestyle decision -- just be sure you know what you're getting into before you make a purchase.
If you are looking to buy a home in the North Texas area, please go to my website www.HomesinFlowerMoundTX.com for a great search engine. You can also call Phil at 972 439-9033 to set up a custom search. I also have a website that makes it easy to set up a custom search that will e-mail you when new listings go on the market. It is www.dfwpreferredbuyer.com. Thank you and have a great day!
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