Foreclosures on delinquent properties by homeowner associations were almost unheard of before the financial crisis. Now they are becoming more common.
Owning a home isn’t always a happily-ever-after story. On any given day, you might deal with a leaky roof, a weedy lawn or a bad neighbor. Homeowners associations can help with these inconveniences. HOAs are governing bodies found within common-interest communities, such as planned or gated neighborhoods and apartment or condominium buildings. They’re run and...Read More
How to Improve a Homeowner Association's Reputation Depending on how it operates, a neighborhood homeowners' association can quickly make friends or enemies. Whether you need to clear up misconceptions, stand up for your bylaws or simply unite your community to work together to maintain home values, follow these simple steps to improve your HOA's communications and reputation for good. Difficulty: Challenging Instructions things you'll need: Volunteers…
4 Key Ways to Help Homeowner Associations Succeed Leadership: “Residents who assume positions of responsibility as officers and directors of hom
The big dilemma facing Boards is “Do owners pay ahead, pay when expenses arise or borrow when expenses arise and pay later? How does your community control o...
This article talks about what the homeowner's association is, what it means to be a part of it, and what the benefits are being part of the HOA.
How to Deal With Your Homeowners Association Knowing how to deal with a homeowners association is probably something that most home buyers don't think about before buying into an area that has one. In the past 50 years the growth of homeowners associations, or HOA for short, has been substantial. Designed to maintain the covenants of a neighborhood - preserving its integrity and value - homeowners…
Homeowners associations have rules to preserve the community, protect the value of common property and homes, and make the neighborhood harmonious.
What are the benefits and drawbacks of joining a homeowners association? Homeowners associations can be either wonderful or painful, depending your personality and experience. Do enough reading on the topic and you'll immerse yourself in the various legal issues, possible abuses of authority and financial risk for the owners. Management companies The most important thing to remember is that you at one point legally agreed to…
For everyone out there looking at homes right now, there are three little letters that could make or break your…
Homeowners associations, commonly referred to as HOAs, govern communities like townhouses, condominiums and subdivisions. They collect dues, maintain common areas and enforce rules such as quiet hours or consistency in home appearance. HOAs outline their rules in a covenant, which all homeowners sign onto. However, ...
Homeowners associations provoke strong emotions. Depending on who you ask, they are viewed as either the neighborhood’s protector of home values or, in some cases, a small group of residents who take community rule enforcement to the extreme. What is an HOA and why do they exist? Simply put, an HOA is a private regulatory organization for a neighborhood development. Buying a home in a neighborhood…
What is a home owner's association (HOA)? Is it something I should consider? HOA's offer great benefits but they're not for everybody - read on to learn more!
If you’re thinking about moving, there are a lot of factors to consider aside from the house itself. Homeowners associations are one example. Living in a community with a homeowners association can have its benefits but also its downsides. It’s important to be well-aware of the implications of livin...
A homeowner's association budget provides a road map for the operations of the community. Some HOA budgets total millions of dollars, making management of the budget similar to the management of a small to mid-sized company. An HOA budget should include a reasonable estimate of known operating expenses, as well as ...
Are you fed up with your homeowner's association? Are you sick of them telling you what you can and cannot do? Well one person really went to the extreme to put
8 Essential Homeowners Association Rules to Boost Your Knowledge