Understand That Hoas May Vary Significantly in the Services They Provide
Considering an HOA Before Purchasing a New Home – The original developer initially establishes the scope of the association by setting out the services and expenses in the association’s budget; the declaration offers how the association can enforce the members’ obligations. The by-laws set forth the procedures and outline for running the association. Typically, the developer controls the association at first and hands over control to the individual owners some years later.
Understand that the primary purpose of the association is to protect and preserve the value of the privately and commonly used property. In the pursuit of this, there might be restrictions in regards to pets, requirements as to specific fence height, or limitations towards the number of cars allowed in the driveways. These rules often collide with the desires of an individual owner but are in place for the general good of the entire community. Also, the association may have the responsibility to repair and maintain portions of the community, such as roads, maybe roofs, and recreation facilities.
As an owner, you have the opportunity to become involved and participate in the ongoing affairs of the community along with the responsibility to assure that the association’s actions conform to the by-laws.
Homebuyers could work with a high integrity real estate agent who will help you investigate the facts about an HOA. They can help you gain preliminary information before you start the serious phases of studying any given HOA. They can get you the name of the HOA, the HOA website URL, copies of the governing documents of the HOA to review and alert you to their perceptions of the strengths and weaknesses of the HOA, its Board, and its manager or management services provider.