The Open House With Realtor Falyn Davis - HOA vs NO HOA
Falyn Davis | 7/9/2021, 3:32 p.m.
Falyn M. Davis
Welcome back to the Open House. Whether you are buying a home for your primary residence or searching for an investment property, you will have to make a decision on whether or not you want to live in an area with a Homeowners Association (HOA).
According to Investopia, A homeowner's association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and its residents. Houston is home to hundreds of HOA communities.
So, if you buy a property that has an HOA, you will automatically become a member of the association and are required to pay monthly or annual dues, known as HOA fees. The fee amount varies per community, but will typically cover maintenance, landscaping, vehicle regulation, security, trash removal and more.
There are some pros and cons to living in a community with a HOA. Some benefits include recreational facilities, amenities and sometimes utilities. Some cons to living in a strict HOA community could be how restrictive they are to what you can do with your property (meaning you can’t Airbnb your property, you can’t paint it whatever odd color you like, etc.).
Whether you are looking for an investment property with no HOA, or a home in a community with HOA, allow me to be your trusted agent and help you navigate this market. I can find you exactly what you’re looking for!
Falyn Davis
Buying | Selling | Leasing | Relocating | Apartment Locating
• Cell Phone: 832-396-6276
• Email: falynmdavis@gmail.com
• Social Media: @falyndavis
