Homeowner’s associations (HOAs) are often a very divisive issue for buyers.
You either love having an HOA.
Or, you absolutely hate having an HOA.
Before starting your home search, it’s important to know how you feel about HOAs.
There are many West Knoxville neighborhoods that have HOAs. Homeowners associations can range to being very involved to not involved at all.
In this post, we’ll take a look a what exactly a homeowner’s association is, along with some pros and cons of buying a home that is part of an association.
The rules for each neighborhood are outlined in something called the Bylaws or in the Covenants, Conditions, and Restrictions (CC&R). The Bylaws or CC&Rs cover things like use for common property elements, parking rules, pet restrictions, restrictions on what color you can paint your house, among many other things.
Dues are paid to the HOA on either a yearly, monthly, or quarterly basis. Dues are mandatory and if they’re not paid, the HOA can file a lien against the property.
Homeowners associations can be good for many reasons.
Here are a few benefits of living in a West Knoxville neighborhood with an HOA:
Here are a few downsides of living in a West Knoxville neighborhood with an HOA:
Some HOAs have very strict rules, while others are not very strict at all.
Since HOA rules can cover a range of things, it can be important to check out the Bylaws or CC&Rs before buying a West Knoxville home.
When you’re looking for houses, your realtor can obtain copies of the HOA documents for your review. That way, you’re fully aware of the type of community you’re joining prior to writing an offer.
Are you thinking about buying a West Knoxville this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at[email protected].
Start your West Knoxville home search today on our West Knoxville Home Search Page.