I have a few clients exploring the Condominium world. The grounds are beautiful, the pools are clean, the grass is trim, and the gym equipment is in good working order.
To learn more, get me directly. I handle Listings, Buyers, and Leases.
www.andymartinezjr.com
amjr@andymartinezjr.com
c: 310-597-2089
When you purchase a home, there's a good chance you'll have to pay a
homeowners association fee, especially in gated communities, townhouses,
condominiums, and other similar planned neighborhoods. The idea is to
keep common areas clean and maintained, and there's usually an HOA board
that is responsible for setting the rules and regulations.
Each HOA is different, but most have the same core elements. You'll
typically pay your HOA fees either monthly or annually, and it's an
important factor to consider when you're weighing your options for a new
home. So what is typically included in your HOA fees?
First, the fun stuff
Amenities are typically the big perk of living in a community with an
HOA. While you lose out on some of the freedom of living without an HOA,
you instead get community amenities like a maintained pool, gym,
clubhouse, tennis courts, and other amenities. The HOA fees pay for
cleaning and maintenance, so-in theory-you'll always have a clean pool
whenever you want to use it.
Protecting the community
HOA fees often contribute to insurance for the community amenities, as
well as a fund for unexpected repairs to damaged community
property-think damage from weather or accidents.
General maintenance
Your HOA fees will go toward maintaining the general safety and upkeep
of the community. This means things like elevator maintenance for
condominiums, snow removal, and trash/recycling services.
Be active in the association
There may be a board of directors, but homeowners associations exist for
the betterment of the entire community, and every voice matters. HOA
meetings-and the amenities they support-provide great opportunities to
meet your neighbors and make your community a better place.
