• Home
  • Evidence of Success
  • Homes for Sale
  • Your Home Value
  • Client Resources
  • Real Estate Advice
  • About Us
    • The Pivec Group Belief System
    • Meet the Team
    • Client Testimonials
    • Contact Us
    • Careers

Matt Pivec with The W Home Group of Next Step Realty

Baltimore Real Estate

HOA? What the Heck is it and Why Would You Need it?

February 15, 2016 by Heather

  • Home Owners Association (HOA)
  • Advantages
  • Disadvantages

HOAHome Owners Association (HOA)

The HOA is a touchy topic for some. Some people will speak positively about the Home Owners Association and some will cringe at its name. In general, if you are a part of an HOA, you  must abide by its regulation and policies and pay either a monthly, quarterly or annual fee to cover maintenance of the neighborhood.

We won’t sway you either way, but we thought providing you with a list of advantages and disadvantages to an HOA would help you decide which is right for your next home. Let’s start with its advantages…

Advantages

There are a variety of benefits of an HOA that many people actually would prefer to live in a community with one, such as:

Neighborhood Appearance

One good thing about the HOA is that homes within the association must meet the standards of the association. This in return keeps the community looking impeccable and avoiding unkempt lawns, chipping paint, crooked shutters, or broken rails.

Your Home Won’t Be High Maintenance!

The services may vary among different HOA’s, but typically services such as snow removal, lawn care and trash are handled by the HOA. This eliminates some work off your plate!

Amenities

As with the maintenance, not all HOA’s may offer this, but many provide recreational spots. These include pools, tennis courts, walking trails, and more!

Disadvantages

Strict Regulations

For some buyers, the thought of living in a HOA community is a deal-breaker. Some are more strict than others with different regulations. So if you want a decorative flag on the front of your house, want to park your RV out front, or want to run a business from home, you may want to look into the specifics of the agreement before moving into an HOA community.

If you do not abide by these regulations, you run the risk of being fined.

Fees

The fees paid by the home owner can vary among association depending on how many amenities are included in the community, as well as services provides (as mentioned earlier). These fees can also be raised at anytime. Even though you may not use the amenities (pool, tennis courts) directly, these can still add to your home’s value when selling…so that’s a plus!

There are many benefits to living within an HOA, but there are also some downsides. It is important that you determine whether or not an HOA is right for you!


Are you thinking of buying or selling a home, or have a friend or family member who is? Contact The Pivec Group today by calling 443-692-8800 or visiting our website! We look forward to hearing from you and helping you find YOUR dream home!The Pivec Group Logo

Filed Under: Real Estate Advice Tagged With: Cons, HOA, Home Owners Association, Pros

🔎🏠 Search Homes for Sale!

🏠 🤑 What’s Your Home Worth?

🇺🇸 Veteran Home Buyer?

Find out how you can benefit from our home buying program - The Maryland HOMEtown Heroes Program.
  Click here for more information
 

📝 Popular Real Estate Blogs

Featured Articles and Posts

9 Silverton Court

9 Silverton Court| Listing Agent – The Pivec Group 443-692-8800

9 Silverton Court Property Description 9 Silverton CourtBaltimore, MD 210303 Bedrooms |2 Bathrooms | $250,000| MLS: MDBC457680 … [Read More...]

Free Donuts at Duck Donuts in Nottingham on National Doughnut Day!

Duck Donuts in Nottingham is giving away free donuts on June 7th, 2019 - National Doughnut Day! "As a brand that originated in the beach town of … [Read More...]

1300 Haubert Street

1300 Haubert Street| Listing Agent – The Pivec Group 443-692-8800

1300 Haubert Street Property Description 1300 Haubert StreetBaltimore, MD 212302 Bedrooms |1.5 Bathrooms | $319,900| MLS: MDBA466158 Instantly … [Read More...]

Contact The Pivec Group

Keller Williams Gateway
8015 Corporate Drive | Suite C
Nottingham | MD 21236
Office: 443-692-8800
Broker: 443-318-8800

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Specialties

We specialize in Baltimore County, Baltimore City, Carroll County, and Harford County Real Estate Including: Towson, Perry Hall, Parkville, Lutherville, Middle River, Federal Hill, Fells Point, Canton, Westminster, Eldersburg, Abingdon, Bel Air, Fallston.

Maryland Counties

Baltimore County, Harford County, Carroll County, Prince George's County, Montgomery County, Anne Arundel County, Calvert County, Queen Anne's County, Wicomico County, Howard County, Dorchestor County, Cecil County, Allegany County, Talbot County, Kent County, Charles County, St. Mary's County, Garrett County, Caroline County, Worcester County, Somerset County, Frederick County, Washington County.
  • Home
  • Home For Sale
  • Home Values
  • Real Estate Advice

© 2023 · Matt Pivec of Next Step Realty · Customized & Supported by Baltimore Web Design