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Getting to Know Your Homeowners Association

A homeowners association (HOA) is an organization in a residential neighborhood community that manages and maintains common areas and may enforce approved rules and regulations that work to protect the integrity of the area. It is governed and operated by elected officials, and funded by dues and assessments paid by homeowners in the community. Understanding the home owners’ association is important for residents in a community governed by one.

HOAs provide a variety of core services, such as landscape and exterior maintenance, as well as ensuring the compliance of the various codes, rules, and regulations of the community. In addition, HOAs are designed to beautify a community and provide a sense of unity. A properly functioning HOA will provide a sense of security and orderly development in the community.

The HOA also works as a central point of contact for the homeowners, a place to lodge complaints or requests for repairs, and a natural body for the enforcement of rules regarding issues from noise to landscaping. By keeping everyone on the same page, HOAs benefit the entire community.

Understanding the HOA: Rules & Regulations

Knowing and understanding the rules and regulations of the HOA can help homeowners avoid potential pitfalls like fines or losing homes to foreclosure. Each HOA differs, but in general, HOAs are responsible for ensuring that the exterior of homes meets certain standards, such as a certain type of paint being used or that owners keep up with landscaping and lawn care. The HOA may also stipulate parking rules and even lighting restrictions.

It is important for homeowners to read any documents provided by the HOA and to proactively communicate with the board concerning any maintenance issues or other concerns. This communication between the board and the homeowners is key for any cohesive and effective governing of the community.

HOA Benefits & Pitfalls

The benefits of a HOA are that it guarantees the maintenance of common areas, as well as providing an organized means of addressing issues that arise amongst homeowners. Through objectivity, the HOA helps maintain the safety, design, and charm of a community for the benefit of all. In addition, the enforcement of legislative rules encourages property values to remain high.

The downside of an HOA is that it can be burdensome, with its fees and restrictive regulations. For some families, the price of living in a well-to-do community is simply too expensive. These same regulations may also limit the ability of a homeowner to make modifications to their property as they should deem necessary.

However, with the right education and communication, both homeowners and HOA members can enjoy all the benefits that a functioning HOA can offer without the headaches.

Tips For Dealing With Your HOA

  • Regularly read the HOA rules and regulations and abide by them.
  • Stay up-to-date with the HOA meetings and remain involved in the decision-making process.
  • Be familiar with the HOA board of directors so communication remains open.
  • Respect common areas, parking lots, and grounds and do not commit violations.
  • Respect filing deadlines for dues and assessments.
  • If necessary, hire a lawyer that specializes in real estate and Homeowner Association disputes.

Conclusion

It is crucial for homeowners to understand their rights and obligations with regards to any HOA they may be a part of. By paying attention to the letter of the rules and regulations, communicating with the board, and respecting common areas and other resources, homeowners can ensure that the HOA serves the common good of the community.

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