Arizona HOA's What You Need to Know! Arizona HOA's can be a hot topic - and then some! Some folks love HOA's and other folks hate HOA's. Why is that? Well that's a deep subject of which I'll attempt to cover briefly in this short article. For more information I suggest you get a copy of Arizona HOAs And All That Jazz written by Burt and Susan Sweetow. The book is jammed packed with great ideas and hundreds of resources for every home owner, home buyer, HOA board members, Property Management Professionals and Real Estate Agents. This is a must have resource book for your library!
HOA's got their start in the mid 20th century when increasing numbers of large scale residential developments required more and more resources from cities and towns. They had to figure out how large amounts of people could live in close proximity and still enjoy the right to own their own home without infringing on their neighbors or experiencing a loss of freedom or privacy. HOA's made it possible for members to enjoy common amenities at affordable prices without the hassle of individual home owners maintenance. And cities and towns loved the HOA idea because it brought in more taxes and left them with less responsibilities. HOA's basically brought continuity and order to communities, preserved the architectural integrity, and they maintain the common elements. HOA's associations promoted the concept of 'community' that protects the neighborhoods property values. So how did the love/hate relationship begin with HOA's? There are many reasons for this love/hate perception but here are the most common things that I have heard from clients over my 30+ years as a real estate broker in Arizona.
- HOA's can and do keep our property values up by making sure all home owners abide by the rules and regulations.
- HOA's can be very hard to deal with and in fact darn right nasty if not managed well.
- HOA's do a great job of maintaining the grounds and common amenities which makes my lifestyle much easier.
- HOA's can be very picky and at times send out nasty letters to take care of what is really only a few weeds in my yard.
- HOA's board meetings can be a great place to meet neighbors and become part of the community.
- HOA's board members can be darn right task masters and think they own the place.
Here are some of the critical questions about HOA's that would be wise to ask BEFORE you buy a home in an Arizona HOA Community!
- Is the HOA professionally managed or is it run by a board consisting of home owners?
- How much are the HOA monthly fees?
- Are there other assessment fees on the books or fees that are being planned for the future?
- What is the financial condition of the HOA? This is really important to know.
- What are the CC&R's (Covenants, Conditions and Restrictions)? It is extremely critical that you read the CC&R's that your agent or title agent will provide for you once you're in escrow. You will want to know if you can have pets, park trucks, boats and many, many other questions or issues that might make a difference in your decision to buy into the community.
Ask HOA questions is BEFORE you begin your search for a home!
Personally I wish our home was located in an HOA development! In my area all of our neighbors take great pride in their home and yards EXCEPT for 'that one' neighbor that could care less about fixing up their home and could care less what the neighbors say or do. Their yard is really no yard, the landscaping couldn't be any worse, including dead trees plus they painted a portion of their home 5 different colors 5 years ago and still haven't chosen a color to paint the home. There is not much any of us can do about this neighbor unless the city codes aren't being adhered to. Many of us would have liked to help out this family but they refuse any help. Sad but true. Think about the HOA subject very carefully! And if you have any questions feel free to give us a call. We'd be happy to answer your questions.
Arizona HOA's What You Need to Know
Originally Published at Phoenix Property Shoppe
Anna "Banana" Kruchten
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