Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [home-owners-association]

A homeowner association (HOA) is typically a corporation of homes within a subdivision.

A homeowner association (HOA) is a corporation formed by a real estate developer for the purpose of marketing, managing, and selling of homes and lots in a residential subdivision. Later the developer exit financial and legal responsibility of the organization, typically by transferring ownership of the association to the homeowners after selling off a predetermined number of lots. Membership in the homeowners association by a residential buyer is typically a condition of purchase. Most homeowner associations are incorporated, and are subject to state statutes that govern non-profit corporations and homeowner associations. State oversight of homeowner associations varies from state to state.

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Do house prices increase faster in HOA or non-HOA neighborhoods?

I’m trying to decide if buying a house with a homeowner's association (HOA) is worth the headaches. A lot of websites mention that HOAs maintain housing prices better but I couldn’t find any specific numbers. Is there any third party independent…
JonathanReez
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HOA fees before my house is ready

We are building a townhome in Utah. The original timeline was that it would be done last year but have had a number of delays. No surprise there, but starting late last year, we have been getting an HOA bill. Is it typical to pay HOA fees before…
Linda B
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Condo in HOA building that has been disbanded

I found a listing for a property that is in a high rise building where the HOA has been disbanded. This is the note from the listing: HOA is disbanded and HOA has past taxes. What pitfalls are probable in such a situation?
Pete B.
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Is my HOA's balance sheet healthy?

I'm purchasing a condo and trying to evaluate if the association is financially healthy. Are there any red flags in this balance sheet or income statement? There are 200 units and utilities are included in the monthly assessment (around $600 - $900…
quietmint
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Condo hazard insurance -- who takes the next step? Everyone else is refusing

I live in California. The bank (in Atlanta) who has our home loan needs to see proof of our condo master hazard insurance policy or they will buy us a policy. The agent who sold the policy told me it's the bank's responsibility to look this…
Ellen Katinas
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How can I compensate a new owner for a special assessment without incurring income tax?

The dwelling in question is a Townhouse in Boulder County, Colorado I was the owner of a dwelling in Colorado when a fairly bad hail storm hit this last Summer. I received notice that there would likely be a sizeable special assessment due to the…
Kadreal
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Can condo management force owners to insure the outside of the building?

Can condo management force owners to insure the outside of the building? I thought owners were responsible to insure from sheet rock, in. And management is responsible to insure from sheet rock out! I have my condo insurance for sheet rock in. There…
Bruce Whaley
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Would condo HOA insurance cover damage to guest vehicles?

I recently stayed in an airbnb; it was a unit in a condo complex with a shared parking lot and an HOA. I drove my Tesla there, and plugged it into an outdoor outlet on the side of a covered parking structure (I parked next to said structure) at…
nzifnab
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