FAQ - HOA Rules - What do I need to Know as a Buyer?

Reblogger Jack O'Neal
Real Estate Agent with HomeSmart Elite Group

Great Article giving information about HOA's to people that are not familiar with HOA, if they are professional managed, and the board is interested in maintaining the community it can be a great place to live.

Original content by Joan Cox DRE# ER40011786

FAQ - HOA Rules - What do I need to Know as a Buyer?

 

Rules & RegulationsWhen buying a property located within a Homeowners Association, there are rules you have to adhere to.  Most homeowners associations for a detached housing community are similar.

  • fencing has to the the same height & material throughout the community     (if they fencing is only 4' - no privacy fences allowed)
  • exterior paint colors must be approved by the HOA architectural committee
  • sheds must be approved by the HOA architectural committee
  •  some landscaping needs to be approved (some have rules about percentage of grass
  •  may not be able to change your oil in the driveway
  •  may not be able to park a work vehicle with the name of your company on it

 

Condo living

 

When buying into a property that is multi-family (condo or townhome) there are a few other items you need to think about -

  •  anything that is done to the exterior of your unit that can be seen from the street needs to be approved by the HOA architectural committee (windows, security door, paint)
  •  parking restrictions
  •  pet restrictions (not only through the HOA, but the City restrictions)
  •  rental restrictions
  •  garage (assigned or deeded)

 

Each community will have their own rules and regulations, and a good idea to do some homework ahead of time if you have a large dog, a work panel van or would like to rent out the unit down the road.

 

 

 

 

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Metro Brokers - House to Home, Inc.House to Home

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Joan@JoanCox.com

720-231-6373

 

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Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jack, thank you for the re-blog.   Buyers looking at properties with an HOA need to be informed!

Mar 04, 2014 11:07 PM #1
Rainmaker
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Bruce Hicks
Best Homes Hawaii - Honolulu, HI
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Nice repost Jack.  I missed this one the first time around.  Thanks and Aloha.

Mar 04, 2014 11:07 PM #2
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