What Buyers Need To Know About Homeowners Associations
Posted by Larry Tollen on
Here is what buyers need to know about homeowner’s associations (HOAs). HOAs are common throughout North Carolina and are nearly universal in the Triangle area. The role of a HOA is simple: to protect and preserve property values throughout the neighborhood. You may have heard “horror stories” of people who had bad experiences dealing with their HOA—but throughout my career in real estate, I’ve found these cases to be rare. In fact, homeowners often take for granted how much HOAs help them. Condominiums have associations as well, and while their function tends to be more hands-on, their role is basically the same (see my article on the difference between a townhome and a condo).
The Neighborhood’s Influence on Home Values
You may have heard the old…
1263 Views, 0 Comments