There are many options out there, you just need to stay focused on why you are purchasing a property in a particular community. Ultimately, you are not just purchasing a home, but the community therein.
Stay focused as you make your decision, but remember...an HOA is for a lifetime unless otherwise stated. I am here to help if you have any questions.
All the best to you and yours,
HOA's as you can see from your answers below are for common area maintenance and upkeep. This normally includes pools, tennis courts and common area property that needs to be cared for. You may want to look at other homes that have lower or no HOA fees in Dublin, San Ramon, etc. Please don't hesitate to call if you need help in finding your new home.
Lillie Missbrenner, Realtor
Short Sale, REO and HAFA Certified
Better Homes and Garden
These â€œpublicâ€ properties were built by the developers but turned over to the local municipality which then had the responsibility of maintenance in perpetuity. Maintenance costs money. Local governments got wise and made it a requirement of the developerâ€™s approval to build the development that an HOA be formed and that the HOA would be owner of the amenities that made the development attractive and gave it additional value, landscaping, neighborhood parks, walking paths, soundwalls that segregated the development from the surrounding community, etc. As owner, the HOA also has the responsibility of maintenance of those assets. In other words, the owners who benefited from the amenities were made to pay for their ongoing expenses.
Does that make sense to you or would you rather see your property tax money to go into the local municipalityâ€™s general fund to be spent to cut the lawn in the mini-park and playground in the midst of the lovely new neighborhood on the other side of town?
An HOA can have it's benefits as there are rules set in place to make sure that the community is kept looking respectable, and there are rules that can affect what you can do with your home once you own it. Things like paint color, design changes (i.e. driveway stamping, cosmetic changes to the exterior of the home),and landscaping. The benefit though is they could require neighbors to keep their landscaping flourished. In other terms no yellow dried up lawns. Also they could not allow RVs to be parked in front of the house or driveway for extended periods of time. You can see how there is the +'s and -'s. Each HOA has their own CC&R's which are Convenants, Conditions, and Restrictions. These detail out the bylaws of the HOA. You are privied to these once you decide to move into the HOA subdivision.
HOA's have their benefits but also there faults. It's best to research the HOA before you decide to buy in that area, as you may love your home, but the HOA may drive you crazy.
For the most part though in the newer developments there are a lot of green belts they have to be maintained and that is where a portion of those fees contribute to. If you like the way the neighborhood looks, just remember it costs to keep it that way.
Better Homes and Gardens Tri-Valley Realty
In some areas, HOAs also have the authority to impose certain standards such as insisting that residents keep their yards moved, fences fixed, etc.
But some HOAs restrictions can be challenging (such as preventing residents to fly flags)
Google "benefits of HOA" and you will likely hear different opinions.
Most new developments have HOA's today. HOA's help support property values by keeping the community consistent with CC&R's (rules) and by having architectural committees.
Cost of HOA fees generally varies based on amenities. An HOA is not really a profit center, but they need the funds to take care of the items in their budget. That can be swimming pool maintenance, landscaping and sometimes even front yard maintenance for each home. Some HOA"s have higher fees in the first bit so that they can build up cash reserves.
Vickie Nagy, CA DRE #01363932