Over the years you’ve heard your friends talk about their experiences with homeowners associations (HOA), and many of them have been bad. Between receiving complaints about trash can placement and being told when to have Christmas decorations taken down, an HOA doesn’t sound like anything you want to be a part of.
Unfortunately, a home you’re thinking about buying in Fairmont Park belongs to an HOA and with all the bad things you’ve heard about these associations, you’re not sure if you want to take the plunge. Although belonging to an HOA does have benefits, such as community activities and regulations to prevent unsightly properties, it isn’t without its disadvantages.
The Downside to Belonging to an HOA
Before you take on such an investment, make sure you can live with the terms of your HOA. Here we discuss some of the cons homeowners often find when joining homeowners associations.
- They don’t have free reign over their homes. Thinking of painting your house your favorite shade of blue or putting a car port in your driveway? If you belong to an HOA, you may not be able to. Homeowners associations often have strict rules regarding what residents can do with their homes, which may prevent you from being able to do what you want.
- HOAs are expensive. Belonging to a homeowners association is often pricey. Residents typically have to pay the fees monthly, and they often go towards neighborhood amenities. Since you probably won’t have a choice about whether you get to join or not, you’ll have to make sure you can afford the added fees before you put an offer on the home.
Are You Having Problems With Your Homeowners Association?
If you feel your homeowners association is in violation of your agreement or you are having other issues, the attorneys of Tavss Fletcher may be able to help. Contact us today using our online form or call 757.625.1214 to set up a consultation.
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