Home Buying in 85255>Question Details

Matt Horton,  in 85255

What are your thoughts on your HOA? Are North Scottsdale Home Owners Associations taking advantage of you?

Asked by Matt Horton, 85255 Wed Mar 19, 2014

Are you familiar with the NEW HOA Omnibus?

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Answers

2
Teri Blakeley’s answer
HOA or Home Owners Association can be a mixed blessing. I have had clients who did not live in an HOA but had a neighbor that painted their home mustard yellow with bright purple trim and reflected on the price of their home when they went to sell...thus an HOA would not let this happen. I know clients who live in HOA's and felt like big brother was watching them and thus said never again. It really boils down to your lifestyle and what you are looking for in a neighborhood. Not everyone will fit into that square box, I have a client who restores classic cars in his garage and when looking for a new home we avoided the communities with HOA's as they tend to look down on this. Each HOA has a copy of the CCR (Conditions, Covenants & Restrictions) and you as a home buyer have a right to review those before purchasing your new home.
0 votes Thank Flag Link Wed Mar 19, 2014
Hi Matt!

The HOA can certainly go either way. The primary function of an HOA is to protect home values, and as Teri pointed out, this can be very useful. From making sure that yards are well-kept and houses are painted a reasonable color, to keeping up with common areas and community pools, most potential home sellers should be grateful for their neighborhood HOA.

However, it's very easy for an association to go the other way. Owners can face volunteer directors misusing their power, refusing to follow documents, getting excessively heavy-handed... you get the idea.

If you or your client is concerned about the HOA of a particular community, research is going to be your best friend. Do some digging - read reviews, check the BBB for ratings, etc.

Best of luck!
0 votes Thank Flag Link Tue Jun 3, 2014
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