Pat Starnes Snippets

Who Should Inform Me About HOA Covenants and Fees for My New Home?

Who Should Inform Me About HOA Covenants and Fees for My New Home?

Question Mark with House

 

This is a question I hear regularly from homeowners. Actually, what I usually hear is "no-one told me about the covenants when I bought my house and how strict, (or lax, intrusive, or costly) they are". 

While recently watching HGTV's Property Brothers, the buyer refused to look at a home that was located within an HOA.  He made several unflattering references to "nosy neighbors" and people "telling him what he could and couldn't do with his property". The house met every criteria for his family, but he KNEW he would not be happy adhering to covenants attached to any Homeowners Association. 

Good for him! He made an informed decision regarding his lifestyle choices. Many do not consider whether an HOA is a good fit for them prior to purchasing their dream home.

Owning a home that is part of a Homeowners Association isn't for everyone. You may be a non-conformist and abiding by a standard set of covenants may not be your thing. If that's the case, let your Realtor know upfront that you aren't interested in purchasing a home in a covenant neighborhood.

Back to the original question: who should inform you about HOA rules and fees? Ideally, you will be represented by a Realtor when purchasing your home, and she will tell you about the existence of the Homeowners Association as well as the fees, amenities, and the covenants.  Even if you are purchasing a newly constructed home, hopefully your Realtor or the builder should provide information regarding the covenants, bylaws, and association fees.

Know the covenants before signing the offer to purchase! Don't wait until you're sitting at the closing table to ask about the covenants. By that time you are vested in your decision, the loan documents have been prepared, the moving van is loaded, and you may feel it's too late to back out if you disagree with the language or content of the rules.

Most HOAs have websites, but not all neighborhoods publish the CCRs (Covenants, Conditions, and Restrictions) online. The most important advice I can give is to do your due diligence. Ask questions early and often in the home buying process so you will be as happy with your home choice as you are with the neighborhood you decide to call HOME. 

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Written and Published by Pat Starnes REALTOR

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Pat specializes in Residential and New Home Sales 

Primary Service Area:

Brandon, Pearl, Ridgeland, Flowood, Madison and the Ross Barnett Reservoir area

 Pat Starnes, Broker Associate

Front Gate Real Estate, 6700 Old Canton Rd., Suite C

Ridgeland, MS 39157

601-991-2900 - Office

601-278-4513 - Cell

 

Recent Blog Posts by Pat Starnes:

 

Greenfield Station in Brandon MS Continues to Grow

Six Easy Tips to Save Money on Your Home Inspection

Should You Consult a Realtor When Buying New Construction?

Homes for Sale in Scottish Hills ~ Brandon MS 39047

Homes for Sale in Hidden Hills Subdivision, Brandon, MS 39047

Homes for Sale in Castlewoods Subdivision, Brandon, MS 39047

Gardens of Manship Neighborhood Information - Brandon, MS 39047

 

Are you looking to buy or sell a home in the Brandon MS market? Call me!

Comment balloon 68 commentsPat Starnes-Front Gate Realty • October 20 2015 04:15PM
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