HOA fees are often described as homeowner “dues” because paying them gives you access to services that only members can take advantage of. That includes maintenance and upkeep along with access to amenities on the property. Here are some examples: Landscaping: Some communities allow y...
A homeowners association (HOA) is an organization in a subdivision, planned community, orcondominiumbuilding that makes and enforces rules for the properties and residents. Homeowners associations are run by a board of directors and typically collect monthly or annual fees to pay for common area ma...
Reach out to your property manager or an HOA board member to ask for help navigating your HOA community’s unique process. Some HOAs also have a set list of contractors they allow residents to recruit. This might be helpful if you’re unsure who to hire for, say, your kitchen ...
In order to get started, you'll need to identify the right property and prepare to get financing to buy it. Location, Location, Location When choosing a profitable rental property, look for a location with low property taxes, a good school district, and walkable amenities such as restaurants,...
Zillow Home Loans, NMLS # 10287. Equal Housing Lender Get pre-qualified Related Articles Buying What to Look for When Touring a House Buying How to Buy a House With Low Income? Buying Spotted on Zillow: Five Home Trends To Follow in 2025 ...
Calculating cash flow is essential for several reasons. Firstly, it allows investors to evaluate the financial performance of a rental property and determine if it will be a profitable investment. Positive cash flow indicates that the property has the potential to generate a consistent income stream...
interest, homeowners insurance and HOA fees) you can afford on a house with a15-year fixed-rate mortgage. (Anything more than 25%, and you run the risk of being house poor!) Our freeMortgage Calculatorwill give you a good look at the monthly payment you can expect for different home pri...
Don’t be house poor—be house wise by making sure you’re not spending more than 25% of your take-home pay on housing. (That includes your rent or mortgage plus HOA fees, taxes, insurance and PMI). This makes your home a blessing instead of a financial curse. ...
It's easy to get hung up on a home's look, but before making an offer, it's wise to get more information about the property. Consider asking the following questions: How long has the property been on the market? If it's been a while, find out if there's a problem that's deter...
Prospective buyers should also ask aboutHOA fees. You’ll want to make sure the HOA charges are high enough to cover related expenses. If they aren’t, property maintenance could be deferred, putting your investment at risk. Find Out Whether You Can Rent Short-Term ...