Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.

What You Don't Know About HOAs Can Hurt You

Attention home buyers! Read this post before buying a home. If you are looking to buy a home in Bucks county call me to be your buyer agent.

HOAs Can Be Good or They Can Be Not So Good, Check Before You Buy

HOA neighborhoodIf you choose to live in a condo or an HOA neighborhood, you need to know the rules before you buy. Most HOA rules make sense and are in place to protect the values and looks of the neighborhood. You also need to know what the master insurance policy covers and what you will be responsible for maintaining and covering. There could be some limitations that you may not want to live with. Check before you buy. 

These areas of concern:
  • Have you read the Master Deed and Covenants for the community?
  • Are their limitations as to family size or occupants?
  • Is the HOA fully funded and operating as it should?
  • Are there any lawsuits against the association?
  • Have there been special assessments and what were they for?
  • Are any major projects or assessments in the planning stage?
  • What exactly does the HOA cover?
  • How stable have the monthly fees been over the last few years?
  • When were the last major improvements done to the community?
  • Who maintains the streets and the grounds?
  • May you alter the exterior appearance of your home?
  • Is there an architectural approval process before work can be done?
  • Is renting allowed?
  • Are there pet limitations?
  • Is parking assigned and how much parking is available?
  • Who serves on the board of directors and can you get names and numbers?
  • Does the HOA have a say in who buys in the neighborhood?
  • Is there a master insurance policy that will reduce the cost of your home's insurance?
  • Do you know what the insurance policy covers?
  • How does the association handle the collection of delinquent monthly HOA fees?

Your real estate agent can help gather this important information for you. Being informed will help you make a good buying decision. 

What You Don't Know About HOAs Can Hurt You

I am ready to help you with your next home purchase. Contact The Real Debbie Reynolds at 931-320-6730. 

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

Clarksville TN Homes 

                 

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When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 10 commentsGita Bantwal • October 23 2018 06:09PM
What You Don't Know About HOAs Can Hurt You
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