Tuesday, May 27, 2014

Are You Ready for an HOA?


Getting ready for your big move and not sure what to expect from the Home Owners Association? Don't be alarmed. Transitioning from renting to owning can be an overwhelming task but preparing for those changes makes them a lot easier to digest. This article breaks down the basics of Home Owners Associations, shedding light on what may be expected of you and what you can expect from them.
To interpret and enforce the rules and regulations, most HOAs elect a board of directors who follow the regulations of the community and make prudent financial and operational decisions. As an owner, you get to vote for the board members (this process is usually outlined in the community bylaws). However, most owners in a typical community don’t go to board meetings and don’t get involved in the operations of the community. And that’s fine, as there’s no requirement for an owner to vote or otherwise be involved. Most owners only show up to meetings when HOA fees are raised or if they are affected by a particular issue. Keep in mind though, if you have an issue or disagree with a restriction in your community, you should attend the board meetings and work with the HOA toward finding a solution that the majority of owners can agree with.


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