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Homeowner’s Associations – What You Need To Know

 The Basics of a HOA

 

 

 

As you begin looking for homes for sale in Pawleys Island, you will start to come across houses that have a homeowner’s association.  This is an association made up of the people who own homes in the area, created to help maintain certain standards in the community.  They set rules and regulations for all kinds of things, from the color you can paint your house to the time you need to turn down the stereo in your backyard.

 

You will need to decide whether or not you want to live in a neighborhood with an existing homeowner’s association or whether you would rather avoid them. HOA’s exist everywhere within South Carolina Real Estate and neighborhoods, but NOT every neighborhood has one. This is, of course, a personal choice, but you should know what homeowner’s associations are all about before you make the call.

 

Why A Homeowner’s Association?

 

Don’t feel trapped with a HOA. While providing the neighborhood with some stability and rules….some buyers prefer avoiding them altogether.

 

If you have ever had neighbors who were incredibly loud, let their house get run-down, behaved inappropriately, or any of the long list of things that can make life unpleasant and bring down the value of your home, you know why a homeowner’s association can be helpful.  With rules for conduct among neighbors clearly set out, you can be confident that your home’s value won’t be brought down by a pile of old appliances in the neighbor’s yard.

 

You can also avoid nasty confrontations with your neighbors by simply taking grievances before the homeowner’s association board and letting them handle any rule violations. Some new home owners are careful to avoid getting into a neighborhood with a HOA, but other clients of Pawleys Island Real Estate welcome this committee.

 

Homeowner’s associations also often take care of shared areas in the neighborhood, keeping them available for the use of the families in the association.  This many include a park or a pool. Do you have a neighborhood pool….you can thank your HOA for providing the maintenance, lifeguards, and facility utilities…….see, not all HOAs are bad! As a real estate agent in Pawleys Island, many of my clients find these comforts welcoming.

 

The Cost Of An Association 

 

Of course, there are dues if you live under a HOA. The dues will help keep your neighborhood manicured, landscaped, and organized.

 

 

Every homeowner’s association collects dues monthly or yearly from the people who live in the neighborhood.  This money goes toward running the association and taking care of the shared spaces.  You will be informed of this amount before you buy, and should factor it into your monthly budget.

 

There is another cost to belonging to a homeowner’s association, and that is a little bit of your freedom.  When you live in an association area, you will have to abide by the rules as well, even if you think they are silly.  You do, however, have the option of petitioning the homeowner’s association to change any rule you don’t agree with.  But if you lose, you will have to live with it.

There are both good and bad sides to having a homeowner’s association.  For those who prefer living in a more controlled environment, they are a great choice.  For those who want to be free to do as they want on their property, the constraints might not be appreciated.

 

Melissa Keller, Realtor in Pawleys Island

 

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