Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

How Do HOAs Work?  #homeownership #realestate

2/8/2017

0 Comments

 
Picture
When you purchase a home, there's a good chance you'll have to pay a homeowners association fee, especially in gated communities, townhouses, condominiums, and other similar planned neighborhoods.  The idea is to keep common areas clean and maintained, and there's usually an HOA board that is responsible for setting the rules and regulations.

Each HOA is different, but most have the same core elements.  You'll typically pay your HOA fees either monthly or annually, and it's an important factor to consider when you're weighing your options for a new home.  So what is typically included in your HOA fees?

- First, the Fun Stuff
Amenities are typically the big perk of living in a community with an HOA.  While you lose out on some of the freedom of living without an HOA, you instead get community amenities like a maintained pool, gym, clubhouse, tennis courts, and other amenities.  The HOA fees pay for cleaning and maintenance, so - in theory - you'll always have a clean pool whenever you want to use it.

- Protecting the Community
HOA fees often contribute to insurance for the community amenities, as well as a fund for unexpected repairs to damaged community property - think damage from weather or accidents.

- General Maintenance
Your HOA fees will go toward maintaining the general safety and upkeep of the community.  This means things like elevator maintenance for condominiums, snow removal, and trash/recycling services.

- Be Active in the Association
There may be a board of directors, but homeowners associations exist for the betterment of the entire community, and every voice matters.  HOA meetings - and the amenities they support - provide great opportunities to meet your neighbors and make your community a better place.

Call or email me today to discuss your unique requirements and how the current market is working to your advantage.

Felicia Jones, Realtor
Keller Williams Realty, BRE# 01977033
424.278.9426
homesbyfelicia@kwrealty.com
www.feliciajones1.kw.com

Picture
Picture
0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

© COPYRIGHT 2015. ALL RIGHTS RESERVED.
  • Home
  • What is My Home Worth?
  • About
  • Contact