Buying A Home - Is It Really Better Than A Condo?
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.
-You aren’t allowed to park your car in the drive way to fix it.
-Regulations prevent the placement of a storage shed in the backyard.
-Installation of outdoor clotheslines, old fashioned TV antennas, satellite dishes, or basketball hoops isn’t allowed.
While civil rights laws influence the drafting of homeowner association rules, some residents won’t be thrilled with some of the regulations. For example, just because a homeowner association regulation permits a property owner to have children living in the community doesn’t mean all residents will be overjoyed with the presence of kids. Only a senior community can exclude children from living in its association. You may need to be proactive in your association to help reform a better environment for your children.
Can you live with these stringent rules:
-The association limits only one pet per unit. The pets weight can’t go over 15 pounds.
-Pets considered noise or uncontrolled by the board must be disposed of within three days warning.
-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.
-Placement of drapes or curtains in a unit without a white liner is prohibited on association grounds. You must be able to see the liner from outside the unit.
-Property owners aren’t permitted to entertain more than 10 people in a unit of any single time.
-A property owner desiring to rent their unit out must obtain approval from the board prior to doing so.
-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 rules can affect certain areas of your lifestyle. Before you decide on a development, make sure to review the regulations to see if you can live with them.
Find the best homes for sale in tustin. Use experienced local Tustin Realtors and see what they can do for you.
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