HOMEOWNERS ASSOCIATION

In residential communities generally homeowners consist of board members unless otherwise stated in the bylaws.  President, Vice President, Secretary and Treasurer. Articles of Incorporation also govern what can or cannot be performed in community. The homeowners association is made up of homeowners that are on the deed of the property and in good standing are permitted to abide position.These members volunteer their time as a team and work for the best interest of the community. Governing rules are in place for an existing community that has already been voted on. Meeting's are announced prior by proxy/mail or email to all homeowners. These meetings are open to all homeowners to be fully informed and any changes that need's a vote surely counts. Depending on size of community there needs to be a quorum to vote to over-turn rules already in place.

NEW COMMUNITIES

New communities typically has to be at least 75% occupied by owners for developers to turn the board over to them. They allow a transition period from developer to new board so that they can understand proper procedures and understanding how working with vendors are performed and utilizing accounts for payment and non payment. This comes along with forming an architectural committee which is responsible for the aesthetic's of community.

PURPOSE

One of the best things about living in your new home is you can relax knowing your community will keep on looking as beautiful as the day you first saw it. That is because you homeowners Association dues help pay for maintaining your community's common areas and amenities. Not only does this help protect your property values and lastly it ensures you'll always be proud of your new home and community.

Homeowners Owners Association aka (HOA) are generally for the community health and well being. Most communities provide a website to review. Many can be strict, however I suggest you understand them (another name covenants and restrictions) before buying a house in any (HOA) community. The fees varies depending on what amenities are available, such as pool, gym, clubhouse, tennis courts, restaurants, gated guard or just plain gated community and golf course to name a few. The more you amenities you have, the more it will cost. Needles to say common grounds are always included. Many communities, if gated this is considered a private road and association is responsible for the maintaining of roads.

Now understand that you have taxes and insurance included in you mortgage payment.  Home owners association is a separate fee generally paid quarterly, semi annually or yearly. If these are not paid and governing rules are not in compliance with by-laws you are subjected for a lien can be placed on your home.  My understanding which I have seen happen, some gated communities your remote control may be deactivated to facilities and gate of entry (mostly high end communities). Click here to learn even more about homeowners association /HOMEOWNERS-ASSOCIATION---32819---32836---Dr-Phillips-6-18368.html

These are general guide lines to use. As a trusted advisor and professional realtor contact me at any time at 850 496-6412. Tik Tok Kevin Strawter every Friday. Click here to know me even more /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html