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Homeowner Association Tips for New Homeowners

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Every new homeowner has something to learn and can benefit from homeowner association tips. Whether understanding how a HOA works or discovering what amenities a community offers, new homeowners need to get to know life within their new neighborhood. Learn more about Homeowner Resources by visiting . – PowerPoint PPT presentation

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Title: Homeowner Association Tips for New Homeowners


1
  • Homeowner Association Tips for New Homeowners

2
Homeowner Association Tips for New Homeowners
  • New homeowners can be defined as
  • First time buyers who never owned a home before.
    New to HOA living and new to HOA community
  • First time buyers in HOA community, never
    experiencing HOA living. But previously owned a
    home in non-HOA neighborhood
  • Lived in HOA previously and moved to a new HOA
    community

3
Homeowner Association Tips for New Homeowners
  • Regardless of status new homeowners need to know
    life within new neighborhood
  • Tips will help all new homeowners dodge any
    issues and will help new homeowners benefit from
    everything HOA has to offer

4
Homeowner Association Tips for New Homeowners
  • Homeowner Association Tips
  • Commit to education remain vigilant on learning
    all there is to know about HOA. Things need to be
    understood prior to purchase of home in HOA
    neighborhood

5
Homeowner Association Tips for New Homeowners
  • Homeowner Association Tips
  • Analyze HOAs governing documents each HOA will
    have CCRs, by-laws and regulations, meeting
    minutes, financial statements and more. Buyers
    need to be diligent in this step. Governing
    documents dictates whether homeowners lifestyle
    is compatible with HOA rules and regulations

6
Homeowner Association Tips for New Homeowners
  • Homeowner Association Tips
  • Determine financial responsibility homeowners
    need to be advised on dues and special
    assessments. Buyers pay a share of expenses when
    they buy property in a HOA

7
Homeowner Association Tips for New Homeowners
  • Homeowner Association Tips
  • Evaluate the management company experienced
    management company will develop programs to
    improve how HOAs operate. They enhance
    connections between homeowners and boards. HOAs
    that uses management company, should research the
    firm to determine standing within industry

8
Homeowner Association Tips for New Homeowners
  • Homeowner Association Tips
  • Check-out Amenities homeowners should check
    inventory of community amenities. Compare whats
    identified on website versus what is seen
    in-person. Common amenities within HOA
    communities are pools, spas, tennis courts,
    restaurants, golf courses, fitness and business
    ctrs., game rooms, etc.

9
Homeowner Association Tips for New Homeowners
  • Homeowner Association Tips
  • Investigate community resources community
    resources creates opportunity to connect
    neighbors, board members and others. Establishing
    community resources promotes neighborhood
    participation in HOA

10
Homeowner Association Tips for New Homeowners
  • Neighborhoods can do so much more than house
    people. Properly managed HOAs take neighborhoods
    to new levels by enhancing lives and build
    vibrant communities
  • AAM works with the largest homebuilding community
    development companies. AAM is dedicated to
    delivering total peace of mind to Board Directors
    and homeowners

11
Homeowner Association Tips for New Homeowners
  • About the Author
  • Jason Tucker is VP of AAM Edge, a dynamic and
    exciting new online community from Associated
    Asset Management that delivers trusted and
    relevant information to homeowners. Learn more
    about Homeowner Resources by visiting
    http//www.HomeownerResource.com/.
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