Long Island Real Estate Fun Fact Friday What Is An HOA?

By
Real Estate Agent with The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

FUN FACT FRIDAY - LONG ISLAND REAL ESTATE

                                     What Is An HOA?

 

Long Island Fun Fact Friday is here, courtesy of REALTORS® Lawrence "Larry" and Sheila Agranoff

 

A Homeowners Association (HOA), is an organized group of owners within a Subdivision, Condo or Planned Unit Development (PUD) that determines and enforces rules and regulations within a community. They serve to maintain the grounds, master insurance, common area utilities and any community facilities in the neighborhood. Homeowners in these communities usually pay a monthly fee known as HOA dues. These fees go towards improvements or general care of the common areas.  

 

Here Are Some Examples Of What May Be Included:

 

  • Landscaping
  • Trash
  • Community clubhouse, gym, pool, security if applicable
  • Maintenance and repairs of the common areas
  • HOA members are elected from among the residents and serve to maintain grounds, master insurance, community utilities, as well as the overall finances of the building complex or community.
  • Most HOAs will require all unit owners to pay a monthly maintenance charge and may also demand special one-time assessments to cover large community expenses.
  • The HOA's bylaws will spell out which responsibilities are the associations and which are the unit owners'.

 

Have questions about a property at a Homeowners Association on Long Island?  Do you have an HOA residence  you would like to list your with us?

Please call our Cell: 631-805-4400. We're just a phone call away...

 

WE LIST AND SELL LONG ISLAND REAL ESTATE!

 

Lawrence & Sheila Agranoff

Cell: 631-805-4400

 

 

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                                                    Sheila & Larry Agranoff

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Lawrence "Larry" & Sheila Agranoff are more than just Real Estate Agents. To attain the designation of REALTORS®, we have proven to be more knowledgeable & experienced, above and beyond the average requirements. Being part of the network referred to as REALTORS®, you can be sure we will cater to your Real Estate needs with superior professional practices.

 

 

 
 
If your home is listed with another broker, this is not a solicitation of property. This does not suggest broker has property currently available. Reproduction of text/images contained herein without the express written consent of the authors is strictly prohibited. Sale May Be Subject To Term & Conditions of An Offering Plan. Disclaimer: While information is believed to be accurate it's represented subject to errors, omissions, changes or reliance on information & must be verified by prospective consumer. The authors disclaim liability for any damages/losses, direct or indirect resulting from anything contained herein or the accuracy of comments or opinions of visitors.​©2008-2022
 
 

Lawrence & Sheila Agranoff
Cell: 631-805-4400
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Lawrence “Larry & Sheila Agranoff Are Premier Licensed REALTORS® On Long Island, Experienced In Luxury Properties, 55+Specialists, Residential Home Sales, 1st Time Home Buyer Specialists, Corporate Relocation Expertise, New Construction, Condo/townhouse/co-op Sales, Local, National, International Marketing, And We Know All The Gated Communities On Long Island. We Are 100% Committed To Your Long Island Move!

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Comments (10)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Larry and Sheila - there certainly are many forms.  We are in two in Florida--one for the subdivision and one for the entire community.  The community one includes our basic tv cable, phone, and internet.

Nov 19, 2021 04:23 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Sheila and Larry - the term "homeowner association" or its acronym can be frightening or disarming to some but an understanding of the legal concept is important.  People need to decide for themselves what will be best for them as well as for their situation.   

Nov 19, 2021 04:26 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Larry and Sheila. HOA can be a sweet sound or an awful sound depending on your line of thinking. Think it through if it is for you. Enjoy your day.

Nov 19, 2021 04:46 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

I always say, an HOA is a neccesary evil.

We did it, made it to Friday, next week is a short week.  We got this.  Thanks again for shairing. bill

Nov 19, 2021 05:06 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

For people that like their independence knowing the restrictions of a HOA community may preclude them from buying in one

Nov 19, 2021 06:05 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is a really good explanation of what an HOA is and your clients are lucky to have you representing them.

Nov 19, 2021 06:21 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Larry and Sheila,

You are doing a wonderful job explaining the real estate terms. A

Nov 19, 2021 06:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Sheila and Larry... I'm one of those people who would never live in a community without an HOA... and yet I know people who won't live in one with an HOA.

Nov 19, 2021 07:55 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400  what a great explaination of an HOA  you guys are the BEST 

Nov 19, 2021 08:07 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good information to share. Some HOAs are very restrictive with frustrating regulations.

Nov 19, 2021 08:46 AM