Before choosing a home, prospective homeowners must take into account a wide range of factors,
including cost, location, schools, commute time, and a long list of other factors.

 
The majority of homebuyers might not consider the expenses and restrictions related to purchasing
a home that is part of a homeowners ' association, but it is a problem they may encounter.

 
For those who don't know, a homeowner's association (HOA) is a legal organization that oversees a
complex of shared housing, which doesn't merely refer to a condo or a collection of townhomes. It
may also encompass a particular neighborhood or a shared housing complex in a suburban area.

The MLS should have information on whether a home is a part of a HOA. To be certain, you may
always ask your REAL TOR@Juan Mestre. An unanticipated fee associated with your house
purchase is the last thing you want.

 
Although the fees vary, the majority of HOAs collect monthly dues, with the money going toward
maintenance or events for other members. This might apply to activities like neighborhood
gatherings or lawn care.

 
You cannot select to be excluded from a HOA, so keep that in mind. You must join it and pay dues
if you purchase a house that has one. Depending on the overall number of members, an association 's
organization might vary, although the majority have a president, treasurer, and a few elected board
members.

 
There are regulations you must abide by if you are a HOA member. That can be a hassle as well,
depending on how rigid yours is. There can be restrictions on things like the color you can paint
your door, the kind of mailbox you can have, or even the location of your garbage cans. If you
frequently flout the law, you risk getting penalized or, worse still, alienating your neighbors.

 
Even if there are advantages to purchasing a house that is a part ofa HOA, you should still be aware
ofthe regulations before making a purchase.

 
Like this update? As your local real estate professional, I can provide more great tips like this and
answer any real estate information questions you may have. Contact me today!

JUAN MESTRE 

REALTOR ASSOCIATE 

RAISING THE BAR FOR REAL ESTATE SERVICES 

CONSIDER: Since I'm not a lawyer but your neighbor Realtor Associate, you should consult an attorney and your CPA before making any decisions.

 If you wish to find your Home or to start your journey towards Home Ownership, Let’s start working together reach me at 305-776-5677 or register at www.juanmestre.com or email mestre.j@ewm.com. 

Sourced and digested from several locations including but not limited to: RisMedia for BHHS.com/blog, EWM Realty