That means paying fees and following the bylaws, too. » MORE: What to know about buying a new-construction home Back to top What is an HOA fee? HOA fees are dues that members pay to access the services and amenities managed by the association. HOA fees are usually charged monthly, ...
If You’re Part of a Homeowners Association A homeowners association, or HOA, enforces rules and bylaws for members living in a self-governed neighborhood, condo community or co-op. They may have certain permits or restrictions related to roll off dumpsters, even if the municipality doesn’t...
Starting a new club is a great way to build fresh connections in your community. Here's how to start a club for your hobby, social circle and more!
Address the Issues: Work with the condo association to address the reasons for rejection. The condo can be resubmitted for VA approval if the issues are resolved. Find Another Condo: If the issues are significant and cannot be easily resolved, you may need to consider other condos that are ...
If one requires a guarantor, then one's broker should make sure that all prospective buildings are guarantor friendly. And since so many buildings annually change rules and bylaws, one's broker must be up-to-date on those changes. Even in buildings that permit guarantors, one should qualify...
Condo vs House If you’re not excited at the idea of having a yard to maintain, you may consider looking at condos instead of free-standing houses. Condos offer lots of advantages for individuals and small families, though you’ll need to take condo fees into account when calculating whether...
an HOA in Boca Raton was ordered to cease using the association’s common funds to give the employees of its management firm holiday bonuses. In short, the condo’s bylaws forbade using common funds for paying non-HOA employees, and the condo’s contract with its management company made it...
Also check on the condo owner’s association as to their bylaws, financial situation, pending lawsuits and any planned assessment increases. Also, talk to the neighbors and ask: “What is the worst aspect of this condo and would you buy here again?” You’ll soon know if you should buy....
Well, it’s official: The Mustache Family is buying a new house. We’re pretty excited, as this is a chance to put many of our favorite values into action. It is a significant downsizing, at 1000 square feet smaller than our current place. This brings th
A homeowners association (HOA) is an organization tasked with governing the affairs of a real estate development owned by multiple parties such as an apartment building. HOAs are responsible for tasks such as ensuring building maintenance, deciding on whether to pursue larger renovation projects, and...