What to Know Before You Buy in an HOA
- by Alana Ashby
People choose to live in an HOA community for many reasons. Some of these benefits of living in an HOA community are that they are designed to manage common areas of the property, manage the property interests of owners, provide services for owners, and develop a sense of community through social activities and amenities.
Learn all you can about a community before you buy or rent a home in an HOA. Ask your real estate agent to see copies of the governing documents, including the CC&Rs.
Take the time to talk to people who live in the community. Find out how they feel about the neighborhood and how the community is governed and managed. You can also ask to talk to the president of the association, members of the elected board, or the HOA management company.
Alana Ashby, CMCA and owner of AMI, helped to establish and served as a Board Member for Community Associations Institute (CAI) Idaho Chapter. Alana has extensive experience in all aspects of financial management, real estate development and management, as well as negotiation.
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