Shopping for a new home can be a very exciting phase of life. You’re out on the hunt for the next place where you and your family will lay their heads at night, share meals, and enjoy entertainment together in the living room.
Finding Your Dream Home
On the other hand, shopping for a new home can also be a very stressful phase of life. You might have a dream home in mind that you’re looking for, but can you find it? Will it be in a neighborhood you like with easy access to friends, family, amenities, and employment? Can you find your home in your budget or do you need to consider a fixer-upper?
One thing that slips through many minds as they shop for a new home is the homeowners association that covers a community their next prospective home is in. It’s not something that should be glossed over. Not all homeowners associations are alike, and it is as important to look into the specifics of the HOA as it is the home itself.
Learn About Your Possible Neighbors
For starters, many homeowners associations have membership fees or dues that are collected at regular intervals. That could be monthly, annually, or somewhere in between. Granted, there are usually benefits to such fees, be it a community park or clubhouse, or even some yard work, but they are a fee that has to be factored into your ongoing monthly budget, even if your home gets paid off.
Secondly, the bylaws of a homeowners association might tell you quite a bit about the local politics of the neighborhood. Some are a little more loose and just want a quiet safe community. Others are far more restrictive and concern about nitpicky details like mailbox colors and other things that might impact best property management company in cincinnati values. You can learn a lot about your possible neighbors, and you might even choose to just forego a home you like because it’s surrounded by those you don’t want to answer to or deal with.