Are you wondering about the most essential considerations with HOA fees? Many home buyers ask what an HOA is and what they do. Homeowners associations (HOAs) play a significant role in many residential communities, providing various services and amenities to enhance the living experience for homeowners. One of the essential aspects of HOAs is the collection of HOA fees or homeowners association fees. In this guide, we will examine the intricacies of HOA fees, their purpose, components, what t...| Maximum Real Estate Exposure
The Ultimate Guide to Understanding Townhouses Are you thinking about buying a townhouse? Many potential buyers ask what a townhouse is. Townhouses are once again becoming popular with homebuyers. The increased popularity is thanks to buyers looking for low-maintenance homes near amenities they can walk to and offer better value. Many people purchase a townhouse as a second home in vacation destinations. A significant attraction for doing so is the lack of regular maintenance associated with ...| Maximum Real Estate Exposure
Have you just heard about this type of condo and are wondering what it means and how it works? Understanding Non-Warrantable Condos and their financing challenges is crucial when purchasing a condominium. Non-warrantable condos fail to meet requirements set by agencies like Fannie Mae, Freddie Mac, and the FHA. Factors that make a condo non-warrantable include incomplete projects, short-term rentals, and developer control. Usually, more than 50 percent of the condos must be owner-occupied in ...| Maximum Real Estate Exposure
Understanding common HOA violations is crucial for homeowners to maintain compliance and avoid penalties. We will provide an overview of common disobedience within HOA communities, including pet-related violations, parking and vehicle violations, landscape and maintenance violations, architectural violations, and noise and nuisance infractions. It also offers insights into dealing with violation notices, appealing contravention, and best practices for avoiding transgression. Stay informed and...| Maximum Real Estate Exposure
Are you wondering what reserve capital is and how it works in an HOA or condo association? Reserve funds are vital in ensuring financial stability for home and condo owners. These funds are set aside for future costs and unexpected financial obligations. Homeowners Association (HOA) reserve funds are used for major maintenance, renovations, costly repairs, and emergencies within the community. Understanding reserve funds' importance, purpose, usage, and proper management is crucial for a soli...| Maximum Real Estate Exposure
What You Should Know About Homeowners Association Rules If you are shopping for a home right now or planning on doing so shortly, you will encounter homeowners associations (HOAs). In all homeowner's associations, some rules must be followed. HOAs are management organizations that define and enforce rules governing condominiums and home communities. Some consider them overbearing patrols that make homeownership harder than it has to be. Others think of homeowner's associations as essential or...| Maximum Real Estate Exposure
