Stan Gillies blog

As you’re looking for your new home, a good thing to consider is whether or not you want a property that resides in an area with a Homeowners Association.

In the Dadeville area, we have many communities within a Homeowners Association. These associations are generally created to maintain the community's common areas and enforce deed restrictions. Many New Condominiums and Developments have additional Home Owners Assocations within Assocations which may be more restrictive. Assocations under the control of the developer may not be fully funded.

There are pros and cons to living in an area with a Homeowners Association.

Homeowners Association Pros
The purpose of a Homeowners Association is to protect the value of homes and neighborhoods within a development. This is done by maintaining common areas and insuring residents adhere to the rules of the Association. The Association has the right to enforce maintenance and design standards like the color houses are painted and where vehicles can be parked. These restrictions can help prevent anyone in the neighborhood from doing something "wild" that may result in lowering the neighborhood’s property values.

Homeowners Associations Cons
If you buy a property within a Homeowners Association, you are required to pay the Association’s membership fees, which may increase. The association may also enact new rules that you find too restrictive - like what kind of shrubs you can plant or they type of fence you can put in.

If you'd like to learn more about how Homeowners Associations impact the properties you’re considering, give me a call at (256) 825-0059 or (256) 212-2918 or contact me by e-mail at stan@gilliesrealty.com to schedule a time for us to meet that is convenient for you.

I look forward to hearing from you.


Posted by Stanley Gillies on September 14th, 2010 8:44 PM

Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

Gillies Realty PO Box 39 DADEVILLE, AL 36853-4609
Cell:

Home | Mortgage Saving Tips | Property management | Stan's Blog

Copyright © 2012 Gillies Realty
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.