If you’re contemplating purchasing a property in a condo, townhouse, or subdivision development, you’ll be forced to follow a stringent homeowner association rules and regulations; pay fines when you fail to obey these rules; be subjected to a property lien when you can’t keep up with the monthly association fees; violation fees and other assessments; and receive additional fines when you break the rules.
Don’t make the mistake other homeowners have by failing to review the homeowner association rules before you buy a property. When you review the association rules, check to see if the following rules exist:
-The homeowner association has to approve any exterior design alterations or painting done by the homeowner.
-Repairing your vehicle in the driveway is prohibited by the association.
-Backyard storage sheds aren’t allowed on your property.
-Setting up of hanging laundry lines, television antennas, satellite dishes, or basketball hoops aren’t allowed.
Homeowner association guidelines were designed to foster a welcoming atmosphere for all members. But the reality is some residents only tolerate the rules, but inwardly oppose them. For instance, an association cannot discriminate against a new home owner just because you have children. While this may be ideal, you’ll find there are some residents who won’t receive children as warmly. In order to foster a more child family atmosphere, you may have to become actively involved in the association.
Let’s go over some additional regulations you may need to abide by:
-Only one pet per unit allowed. Maximum weight can’t exceed 15 counts.
-Association rules will force a property owner to dispose of uncontrolled or excessively barking dogs within three days notice by the board.
-Homeowners that own bicycles cannot leave them in undesignated spots. They can’t be left unattended on community areas, in hallways, or placed on the balcony or patio.
-Personal demeanor and dress code must follow association requirements.
-Placement of signs aren’t permitted on community grounds.
-Owners aren’t permitted to install drapes or curtains in any unit without a white liner visible from the exterior.
-Property owners aren’t permitted to entertain more than 10 people in a unit of any single time.
-If a property owner has plans to rent out their unit, a pre-approval must be obtained by the board before embarking on such an endeavor.
-If finances are tight and you want to sell your unit, you can’t do so without the approval of the board. If the board has any awful reason to reject your buyer, you won’t be able to sell the property.
Homeowner association restrictions can cramp your lifestyle if you’re not careful. Make sure you research an association’s rules before you purchase property in it.
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