What Is An HOA? (Homeowners Association) - PROS and CONS Of Buying A Home In an HOA
Are you thinking about buying a home in a HOA in North Phoenix, Phoenix or the surrounding areas and you want to know if living in an Homeowners Association - HOA is right for you?
That’s what we’re covering in this video what is an HOA and the PROS and CONS of living in an HOA. What an HOA does and what an Homeowners Association prevents you from doing when you own a home in an HOA.
HOA is short for Home Owners Association. HOA’S are normally established when new neighborhoods and communities are built. You can have HOA’s in Condo’s, Townhomes as well as Single family communities. Homeowners Associations create consistency which help with curb appeal and they help preserve property values in the neighborhood
There are many Homeowners Associations (HOA’s) around the Phoenix area and many people have a love and hate relationship when it comes to HOA’s. Some people love HOA’s and some people despise HOA’s with a passion.
However there’s also plenty of neighborhoods that don’t have HOA’s in Phoenix where owners take pride in their homes and those neighborhoods shows it.
Something to consider before moving into an Homeowners Association is, just know you’re going to be giving up some of your rights as a home owner in Phoenix when you live in an HOA. If you’re not a person that likes to follow the rules because you want to do your own thing, then honestly living in an HOA is probably not a good fit for you. Because there’s going to be rules and regulations you’re going to have to follow.
So make sure it’s the right long term decision for you before moving into an HOA. Do your homework to make sure you understand what you’re paying for and what get for what you’re paying for, and what you can and can’t do in the community. So if you plan on living in an Homeowners Association make sure you read through HOA’s CC&Rs
When you’re thinking about buying or not buying a home in an Homeowners Association (HOA) it comes down to personal preference.
🔔 Subscribe for more Phoenix, Arizona Real Estate Info: https://bit.ly/31fJkOd
👍🏼 Share this Cost Of Living In Phoenix video with a friend: https://www.youtube.com/watch?v=I7CoIU3ntNY
🏡 Buying a Home In Phoenix: https://www.youtube.com/watch?v=Gv_DLJL_zmA
💰Selling a Home In Phoenix: https://www.youtube.com/watch?v=sSlrrVMgNOY
🏘Renting Vs Buying a Home in Phoenix PROS & CONS: https://www.youtube.com/watch?v=ujn4LqJ30ak
To View All Available Homes :www.NightOwlRealty.com
Contact Me: Marvin
Call/Text at (602) 737-0308
Email: marvin@nightowlrealty.com
0 Comments