What Will the HOA Documents Reveal?

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

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 be the same height & material throughout the community     (if the 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 the 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)
  • read the financials and minutes to know what is coming in the future
  • read the minutes to see if the Board members are talking about a possible special assessment

 

Each community will have its 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.

 

Comments (24)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good information to share with prospective home buyers.

The restrictions on work vehicles can be an issue for many.

Mar 01, 2021 07:30 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, work vehicles have been a hurdle in some communities! 

Mar 01, 2021 07:42 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

HOAs can be awful, however I choose to live in a community that has restrictions. Without them we often find our neighbors could be difficult to live with. I tell my clients to read through those disclosures...they are like a box of chocolates...you never know what you are going to get.

Mar 01, 2021 09:00 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Great post and topic. You are right it pays for the home buyer to be educated before beginning the home buying process. Thanks for sharing. i hope you have a great week ahead.

Mar 01, 2021 09:45 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, I agree with you, would rather have some restrictions to keep the neighborhood neat and tidy.

Mar 01, 2021 12:12 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Pat, they do need to read and be prepared for their rules and regs! 

Mar 01, 2021 12:12 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Joan Cox - HOA's are not for everyone.  I have one in Florida and it is great but not in New York and I am happy with that too.

Mar 06, 2021 04:22 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

There are a lot of homes with covenants and HOAs in my area, and the rules can cover everything from signage to pets to roof materials to... well, on and on.

Many people love having rules but many don't. Good thing we have properties without rules also!

Mar 06, 2021 05:30 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, buyers usually know whether they want to live in a covenant community.   

Mar 06, 2021 05:57 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, we see the same here, and an HOA isn't for everyone.

Mar 06, 2021 05:57 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

We always encourage our clients to read through the material with a fine tooth comb. With that said, because we've had experience with HOA's, we always look for the key elements in the documents - just in case. 

Mar 06, 2021 06:21 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

HOA rules may eliminate many buyers.  In our area you don't get to see the rules unless you have the unit under contract

Mar 06, 2021 06:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debb, I do the same, but as long as the buyers KNOW what they are getting into.

Mar 06, 2021 07:07 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed Silva that is the same scenario here too, but most communities have the same rules.

Mar 06, 2021 07:08 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Looking in to HOA rules and regulations are a good thing to do before you purchase a house in the HOA

Mar 06, 2021 10:59 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Joan Cox - Great post.  There are too many buyers who do not take our advice to read through the HOA docs and ask questions. I make sure I provide all HOA  forms. This is an important area to highlight. 

Mar 06, 2021 11:17 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Candace, could not agree more, buyers need to know what they are getting into.

Mar 06, 2021 11:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri, I so agree, there are areas buyers HAVE to read, they may be in for a shock after they move in, if they don't.

Mar 06, 2021 11:33 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Joan Cox Buyers need to read - There was a sign in a condo association that read curb your dog. Agent and buyer assumed they allowed dogs - Wrong it was an old sign.  So glad Carol Williams Featured this Great Post 

Mar 06, 2021 01:12 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Hannah Williams I had no idea Carol had my post in her weekly post.    HOA rules and regs are SOOO important to read, plus the minutes to see if there are any special assessments in the works.

Mar 07, 2021 06:32 AM