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And no, we’re not talking about scrolling through Pinterest for decor inspiration. Understand HOA Rules. One of the first things you should do when you move is gain an understanding of HOA rules. Some HOAs require status updates on the property, like when the mortgage is transferred. Check Your HVAC System.
Most condos also have strict rules regarding decor and customization of the properties, and you’ll typically pay a COA fee to help keep up the community. There will be more maintenance and repairs to cover, higher insurance premiums to account for, and you’ll be responsible for things like property taxes and HOA dues, too.
Homeowners associations (HOAs) come with pros and cons. HOAs can retain the value of a home because the surrounding neighborhood must meet certain standards. HOAs can retain the value of a home because the surrounding neighborhood must meet certain standards. They even clarify the type of post, measurements and paint finish.
NOTE: Please scroll down to read the other topics in this long blog post on HOA Horror Stories, Zillow and Redfin lawsuits Videos and Privacy, Residential to commercial transition, real estate market, unusual homes, mortgage origination stats, etc $139M Bel-Air CA Megamansion Excerpts: 12 bedrooms, 17 baths, 2.08
Remove outdated decor. HOA information. Here are some of the things you can do as far as maintenance goes: Clean the house. Remove clutter. Mow the lawn. Do a little landscaping. Improve curb appeal. Touch up paint. Update old fixtures. Installations. Copies of previous appraisals or sketches. Known inconsistencies in data.
Cons: Limited exterior personalizations (HOA restrictions). Limited privacy and total freedom with property (HOA restrictions). These homes often have turrets or other fun decorative elements, and older Victorian homes may be brightly colored (even with up to 8 different colors). Pros: Affordable purchasing prices. Apartments.
The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Property taxes and HOA fees are the buyer’s responsibility. Homeownership is a keystone of the American dream.
Professional Staging : Consider hiring a professional stager to arrange your furniture and decor in a way that appeals to buyers. Seller closing costs typically include: HOA Fees Escrow Fees Real Estate Attorney Fees Transfer Tax Additionally, you may need to pay the buyer’s agent fee , which is usually 2.5% to 3% of your home’s value.
Request for Information from an Owner’s Association : If your property is part of an HOA, this document lists information about fees and property restrictions. Look for tips online, or consider hiring a professional stager who can provide expert advice and even bring in their own furniture and decor if needed.
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