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If you are planning to own townhomes in kennesaw ga, make sure that before you do it, you have to know first the Homeowners Association or HOA rules. HOA implements rules and regulations in every condo or townhouse. Some consider this as an advantage but some thinks it?s a nightmare. Think about it if living in such a townhouse or condo is really the right one for you so, here?s a short briefing about HOA.
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Aside from having a role of implementing policies, HOA also collect ?fees to homeowners for the maintenance such as lawn and landscaping, amenities, security and organize community activities and meetings. Paying such fees will help give you a much lesser work since someone is already responsible for it.
HOA is very great in a way that it maintains the peace and order in the neighborhood and also keeping the value of the property. For example, if you live in townhomes in kennesaw and you have a problem with your neighbor, you can reach them out and tell them your problems. Everything will be cleared between you and your neighbor with the help of HOA.
For owners to socialize and get-together, home association also organizes community events.
In the opposite side of the story, some may complain regarding the home association?s policy since they are restricted in many ways. In fact, even if they?re unwilling to join, they are still obliged or mandated to become a member of the HOA. In simple understanding, they don?t have enough freedom to do on whatever they want in their property. For an instance, you are not allowed to change the design or color of your house unless the owner permits you, and also you may not be able to bring your pets with you. Regarding the monthly bills, you are required to pay it which do sometimes increase.
Another thing is that, if you disobey or break the rules of HOA, you may fine charges. In case you cannot settle your monthly payments, they will have the power to foreclose your property.
These are just some of the you should understand about Homeowner?s Association which you should put into consideration. Either ways, it has it?s pros and cons but you have to make sure to assess yourself if living in a townhouse or condo is really great for you. Take time to decide so that you won?t regret if that time comes. So, if you are planning to own a townhouse, don?t forget to visit townhomes for sale in kennesaw ga.
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Tags: association, condo, HOA, homeowners association, townhomes
Source: http://realestateinvestingfacts.com/blog/5124/homeowners-association/
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