HOA managers should maintain accurate records of all architectural changes. That includes documenting the approvals, cost estimates, and any other relevant information related to the proposed changes. Community association management software, such as Buildium, can keep you organized with little effort,...
There is no hard and fast rule about HOAs improving property value. However, many of the things HOAs seek to regulate are things that we knowaffect property values. Even if an HOA doesn’t markedly improve the property value, it will probably at least keep it from declining simply by keepi...
HOA Management HOA Governing Documents Explained Being an effective HOA board member means staying organized and on top of all the rules and guidelines that keep your association running. At the... Property Investment The Ultimate Guide to Rental Property Passive Income: 10 Tips to Maximize Income...
HOA rules keep common property clear, maintain tranquility, and protect property values, so the charm of your neighborhood and the value of your home are partially due to your HOA. Additionally, your HOA might have the power to forcibly halt and reverse renovations that haven’t gone through...
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As you search for a home, you're likely to find many houses and condos have a homeowners association (HOA). These organizations create rules for housing developments and the properties within them, and they also offer a range of perks. So what can HOAs do for your property, and what are...
either directly or through a management company, is responsible for taking care of common areas. If the HOA has failed to maintain the property and someone is hurt, or if an individual home is damaged, the HOA could be liable. HOAs are legal entities, so you should consult a real estate...
Homeowners Association.If the property is governed by a Homeowners Association (HOA), this is the place to disclose that. Include information such as where to access HOA bylaws, insurance requirements and HOA dues. Water damage.If the property’s basement only floods in the spring but the purch...
HOAs can benefit individual owners by providing necessary management services. Without an HOA, the owners of an apartment building would have to coordinate among themselves to decide on common problems such as building-wide garbage removal, building repairs, and community policies. This could be very...
How To Build Your Homebuying Team Jul 01, 2024 3. Find the Right Property The trick to finding the right property is making an upfront wishlist. For example, is a single-family detached home with a big yard for a couple of kids and a dog your priority, or do you want a condo with...