Purchasing a new home can be exciting. In order to transform your new home into a personalized living space, you will want to be able to put your own personal touch on the place. If you are thinking of investing in a home that is in a homeowners association (HOA), your ability to customize the property could be limited.
To ensure that you are happy in the future with your purchase, here are three things you should absolutely love about your HOA home.
1. The Exterior
Everyone wants their home to have great curb appeal. If you are thinking of investing in a home that is part of an HOA, it's essential that you fall in love with the way the home looks on the outside. The exterior appearance of your home is likely regulated by the HOA.
Things like paint color, landscaping and exterior decor are often regulated by an HOA. You may not be able to make changes to these exterior elements, so it's best to ensure that you fall in love with a home's exterior when you are purchasing a property that falls under the purview of an HOA.
2. The HOA's Environmental Stance
If living a more "green" lifestyle is important to you and your family, it's important that you take the time to consult with the HOA prior to putting in an offer on a house that falls within their jurisdiction.
The HOA may contract with companies that use chemicals to fertilize your lawn or get rid of bugs, and they may not allow water-conserving landscaping practices like xeriscaping. Finding an HOA whose environmental stance matches your own is essential when it comes to your long-term happiness in a home that is managed by an HOA.
3. Your Neighbors
When thinking of investing in a home that is part of an HOA, it's extremely important that you get along with the neighbors.
An HOA relies on all residents to help make important decisions, which means that you will be working alongside your neighbors to make choices that will directly affect your home. If you like your neighbors and feel that you have a lot in common, the process of navigating HOA decisions will be a lot easier in the future.
Homes that are included in an HOA come with many benefits, but they also come with some unique restrictions. Be sure that you fall in love with a home's exterior appearance, the HOA's environmental practices, and your neighbors when you consider purchasing a home in an HOA in the future.