An important question you should ask yourself before you buy is “Should I Buy a House in a HOA?”
If you’re looking for a newer home, you’re probably going to be stuck with one whether you want it or not, but as I describe in this short video sometimes they can be a good thing.
The decision on whether or not to buy into a neighborhood with a home owner’s organization (HOA) is a very personal one that I can’t answer for you. On the one hand HOA’s can be great, they can serve to protect values in a neighborhood over time, and if they are run properly, they can keep that neighborhood looking great for all the residents and keep people happy.
On the other hand, some homeowners associations only seem to take theie residents’ money and not accomplish much at all. Now, living in an HOA, whether it’s a good one or a bad one isn’t for everybody. Right, they can Issue fines for weeds that get to tall in the front lawn, or if you let the grass die in the front, they can issue a citation if you don’t bring your trash can in soon enough, or if you park too many cars in the driveway or on the landscape. So, if you were look and, let’s say, you have a work vehicle you need to bring home, or you’re not just into working on your yard and keeping your yard looking perfect, then, not matter what, an HOA is probably not going to be a good fit for you.
So, the home buying process contains a lot of decisions to be made, and that’s why you can’t rush it, you have to get out there and start looking at properties well in advance of when you think you want to be moved in, so you can answer this question, and more.
by Albuquerque Real Estate Agent Rich Cederberg, eXp Realty, (505) 803-5012.