Frank Rubi Real Estate, LLC
Great Louisiana Homes
Greater New Orleans | Baton Rouge
Metairie | Kenner |Covington
Home Owner Association (HOA)
Homes for Sale in Covington with Home Owner Association
Many communities on the Northshore of Greater New Orleans and Greater Baton Rouge Homes for sale require membership in the Local HOA. These communities include: Condominium | Office and Residential.
Purpose: Maintain current Proper values
Some HOA allow the property owner to pay their fee’s Monthly, Quarterly or Annually. The funds which are collected are used in part to pay for community services. These services could include: Common Area upkeep, Exterior Insurance, Pool maintenance, and Elevator services.
Most HOA have been recorded in the local court house. HOA have bylaws (restrictions), these rules are provided to maintain the integrity of the community. Some of the more common bylaws include: Size of the property, type of landscape, number of vehicle that may be park on the property, style of home, paint color of the home. These are just a few examples.
If you live in a community that has a HOA you will be forced to join.
Main question to ask your Realtor when buying a home or office in a HOA Community:
- How much are the HOA Fee’s
- Are there any Special Assessment due or pending
- The type of insurance in place for the HOA
Cost for HOA varied but most that I have found range from $200-$400 per year. In Commercial property the range is from 500 to $900 per month.
Most Homes for Sale in Covington, HOA community appear to hold their value compare to non HOA communities.
Call an experience Greater New Orleans / Northshore Real Estate Broker who can help you answer question on the Home Owner Association.
Hire a Mandisonville |Covington | Baton Rouge Real Estate Broker who can explain the importance of common sense tips in Selling property in St. Tammany Parish, St Charles or Jefferson Parish and Baton Rouge. As a Realtor I receive stats on today’s Real Estate trend and will make sure your selling or buying efforts are up – to – date with what Buyers and Sellers are looking for.
Feel free to call me if you need a better understanding of the financial implications of purchasing property.
If you are thinking about buying or selling a home in St. Tammany |Jefferson Parish, or any of the surrounding parishes.