That 'beautiful neighborhood' cost my clients $100k.
One of the most beautiful neighborhoods I’ve ever sold in ended up costing the owners close to $100K because of the HOA.
When you're buying a home,
you think about price,
interest rates,
and maybe closing costs.
But don't overlook the HOA.
Pros of an HOA?
✅ Curb appeal
✅ Amenities like pools & gyms
✅ Maintained streets & snow removal
✅ Property value protection
Cons?
💸 Monthly fees
💸 Strict rules
💸 And in some cases a massive repair assessments due to poor management
Over 80% of new builds now have an HOA.
In the Truckee area it is rare to find a new build not located in an HOA.
With existing homes there are some older communities without HOAs.
It’s essential to understand the fees,
what’s included,
and how the HOA is managed before you buy.
Do the perks outweigh the risks?
That depends on your goals
and I’m here to help you weigh them.
Would you buy in an HOA again?
When you're buying a home,
you think about price,
interest rates,
and maybe closing costs.
But don't overlook the HOA.
Pros of an HOA?
✅ Curb appeal
✅ Amenities like pools & gyms
✅ Maintained streets & snow removal
✅ Property value protection
Cons?
💸 Monthly fees
💸 Strict rules
💸 And in some cases a massive repair assessments due to poor management
Over 80% of new builds now have an HOA.
In the Truckee area it is rare to find a new build not located in an HOA.
With existing homes there are some older communities without HOAs.
It’s essential to understand the fees,
what’s included,
and how the HOA is managed before you buy.
Do the perks outweigh the risks?
That depends on your goals
and I’m here to help you weigh them.
Would you buy in an HOA again?
Categories
Recent Posts
