Homeowner Associations: What You Should Know Before Buying in an HOA and How to Become an Effective HOA Member
Everyone wants to get as many amenities as possible when buying a home, but is buying a property that requires you to join a homeowner association the best option? In some states, close to 20 percent of homes belong to homeowner associations. They enforce neighborhood standards and assume responsibilities that local government is unwilling or unable to handle. You’ll learn exactly how they operate and evaluate their pros and cons in this informational guidebook written by C.J. Klug, who has been involved with homeowner associations for more than twenty-five years. Klug examines a wide range of HOA-related topics, including • why HOAs were created and different HOA types; • what factors to consider when deciding whether to join an HOA; • what HOAs do and how they function; • answers to commonly asked questions; • operating guidelines for HOAs. Don’t be among the buyers who fail to realize that joining a homeowner association locks you into a contractual relationship. Whether you are an investor or someone who is ready to live in a new home yourself, it’s imperative to understand Homeowner Associations.
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action agenda amenities annual appropriate approval Association documents association managers Association’s BID SHOPPING bids Board meetings Board members Board of Directors budget buyers CC&Rs Committee common area Common Interest Developments Community Association Institute Community Managers complaints Condominium continuing contract contractors Coto de Caza decision delinquent desire election employees escrow facilities fees fiduciary responsibility foreclosure handle HOA Boards HOA member Homeowner Associations important increase indicated individual investment involved IREM issue landscaping Legislature litigation maintain maintenance major management company Master Plan Communities mediation membership minutes monthly assessment national Community Association negative neighbors newsletters Ombudsman on-site manager operating Palm Desert participation personnel Planned Unit Development problem professional property owner property values QUESTION real estate recorded regulations request require Reserve Fund residents rules enforcement sourced services special assessments specific staff usually vendors violations volunteers vote