When on the hunt for a new home, one of the things you need to keep in mind is whether the property lies within a HOA (Homeowner’s Association) governed community. If it does, then you’ll want to make sure you know the rules so that you don’t get in trouble.
First of all, you’ll have to pay monthly fees to the HOA. Secondly, there are a number of rules and regulations that you’ll need to abide by. For example, rules may restrict you from painting your house a certain color or from adding certain home additions. These rules are put into place to maintain the aesthetic of the neighborhood and to prevent you from causing a neighbor’s property to drop in value.
If you want to make big changes to the house you’re buying, make sure you look at the HOA rules to ensure you can make them. You can’t plead ignorance either as the rules will be listed on your property title.
When buying a home in York County, make sure that you are aware of the HOA rules. For additional tips and information concerning the purchase of real estate, be sure to contact us at Randy Lindsay today.