How Do HOA's in Charlottesville Virginia Work?

By
Real Estate Agent with Keller Williams Realty

How do HOAs work?

When you purchase a home, there’s a good chance you’ll have to pay a homeowners association fee, especially in gated communities, townhouses, condominiums, and other similar planned neighborhoods. The idea is to keep common areas clean and maintained, and there’s usually an HOA board that is responsible for setting the rules and regulations. I live in Forest Lakes, a community with an HOA and strong community association. In fact, I'm currently the Vice President of the Board and am proud of the pro-active governship that protects my way of life and my home investment.

Each HOA is different, but most have the same core elements. You’ll typically pay your HOA fees either monthly, quarterly (like in Forest Lakes), or annually, and it’s an important factor to consider when you’re weighing your options for a new home. So what is typically included in your HOA fees?

First, the fun stuff Amenities are typically the big perk of living in a community with an HOA. While you lose out on some of the freedom of living without an HOA, you instead get community amenities like a maintained pool, gym, clubhouse, tennis courts, and other amenities. The HOA fees pay for cleaning and maintenance, so—in theory—you’ll always have a clean pool whenever you want to use it.

Protecting the community HOA fees often contribute to insurance for the community amenities, as well as a fund for unexpected repairs to damaged community property—think damage from weather or accidents.

General maintenance Your HOA fees will go toward maintaining the general safety and upkeep of the community. This means things like elevator maintenance for condominiums, snow removal, and trash/recycling services.

Be active in the association There may be a board of directors, but homeowners associations exist for the betterment of the entire community, and every voice matters. HOA meetings—and the amenities they support—provide great opportunities to meet your neighbors and make your community a better place.



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Posted by

Fulton Gaylord-Associate Broker, ABR, SRES, e-Pro
Certified REO Specialist, Registered HUD Agent
Keller Williams Realty
3510 Remson Ct., Ste 301 Charlottesville, VA. 22901
Fulton@kw.com
434-220-2228

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Joan Cox 02/03/2017 05:26 AM
Topic:
Home Buying
Tags:
forest lakes charlottesville va
hoas in charlottesville

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

Fulton, some buyers request NOT to be in a covenant ruled community, then I drive them through that is not, and they sometimes change their minds.  GREAT post.

Jan 23, 2017 10:18 AM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is great information to share with prospective home buyers.

We need to visit Charlottesville soon. I went to UVA.

Feb 03, 2017 05:50 AM #2
Rainmaker
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Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

It's just a shame that so many buy into an HOA without reading or accepting the rules, and then fight and complain over everything. They are great when everyone is on board!

Feb 03, 2017 05:59 AM #3
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Rainmaker
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Fulton Gaylord

1st-Time Home Buyer Realtor - Charlottesville, VA
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