Pros And Cons Of Purchasing A Home With An HOA (Homeowners Association)
Homeowners associations (HOA’s) can be an attractive aspect of a community or a complete dealbreaker for homebuyers. If you find yourself searching for homes with an HOA but aren’t quite sure how you feel, today’s blog post may be able to deliver some clarity.
Before we get into pros and cons of HOA’s, let's first discuss what they are. A homeowner’s association is an organization within a neighborhood, subdivision or condominium that is in charge of creating and enforcing rules and regulations for the properties within the community.
Pros of an HOA
-Amenities. HOA’s typically will offer and manage amenities such as pools, parks, tennis courts and community centers, all of which are assessable to community members.
-Maintenance. HOA’s will typically handle all community maintenance including snow removal, trash pickup, landscaping and the upkeep of private roads.
-Appearance. HOA’s oversee and ensure the community is neat at all times. This is especially nice if you are in the process of selling your home as a clean neighborhood is appealing to potential buyers.
-Mediator. HOA’s are able to step in if a conflict were to arise with a neighbor or fellow community member. Turning issues over to the HOA is a great way to ensure the issue is resolved fairly, making it easier for both parties involved.
Cons of an HOA
-Cost. The cost of an HOA can vary based on property and the amenities that are provided, but an added cost nonetheless.
-Fines. It is important to fully understand what is expected from you as a homeowner in a community with an HOA to avoid being penalized with unexpected fines and fees.
-Rules. Some people are turned off from HOA’s because they are told what they can and can’t do with a property they own. Things such as exterior paint color, dimensions of fencing, how tall your grass can be, the number of pets you can have and type of window coverings that are visible from the street are all things HOA’s can dictate.
Choosing the best home and neighborhood for your needs is of utmost importance to our team. Please contact us with any questions you may have and check back to view our blog weekly for great home buying and selling tips!
Halloween is right around the corner and Omaha, NE is celebrating in (spooky) style. Below we have listed all the can’t-miss events and activities happening in and around our beautiful city over the next two weeks. So grab your friends, family and costume and head out for some serious fun! .jpg)
Homeowners across the country are becoming more aware of their impact on the environment and searching for ways to live a more sustainable lifestyle. One way to achieve this is by improving aspects of their home to align with their eco-friendly mission.
Happy October! Many refer to this month as the spookiest one of the year and boy do we have an event lineup to prove it. Below we have listed some family-friendly Halloween events that are happening in and around our beautiful city of Omaha, NE over the coming weeks. You will find an assortment of fun ways to celebrate and many reasons to dress up. So grab your best costume and head out for some spooky Omaha fun!
