Buying a house in Red Hook - Is it located down a shared Driveway?
When buying a house in Red Hook there is much to consider. What if the house you fell in love with is located down a shared driveway?
Depending on your need for privacy and the type of interaction you want to have with the neighbors you should give some thought to this subject.
Is the driveway agreement written in the deed?
In some cases the easement is written clearly in the deed in other cases it is not so clear.
Who will pay for the maintenance of the shared driveway?
Each homeowner sharing the driveway will contribute funds for maintenance. There is usually some sort of homeowners association.
Will everyone contribute the same amount?
If your house is at the beginning of the driveway you will pay less than the person at the far end. The amount you pay will be determined by the percentage of the driveway you are using.
What are some of the cons of sharing a driveway?
If one or two neighbors fail to make there contribution to the maintenance funds, you could find yourself having to go over potholes, or lacking snow removal.
You might get irritated by how fast the neighbors go down the driveway especially if you have children.
The road might be badly eroded because there are insufficient funds for major repairs.
You might not like the heavy traffic going to the neighbor's house.
Are there any pros to having a shared driveway?
You might really like the neighbors, it may be a close knit community in which you really look out for each other's property.
A shared driveway can work, but, if it doesn't work for you then you could find yourself in a sticky situation.
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