Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

What an HOA Can Do: Know Their Power when Buying an Atlanta Luxury Home

By Freeatlanta Subscribe to RSS | July 20th 2012 | Views:

There's that saying, “buyer beware”. There should also be one that says “buyer be aware”. Buying an Atlanta Luxury Home could also include buying into a neighborhood with a Home Owners Association (HOA). Before you purchase, you need to familiarize yourself with that HOA and its power, rules, and regulations.

Being aware is more appropriate than beware because HOA's aren't bad. They can simply be a bit of a mystery. Essentially, the homeowners association is there to protect property values, and to ensure compliance with neighborhood by-laws. Unfortunately, there are some boards that take their power a little to seriously, or don't communicate well with residents. This is why you need to understand the ins- and – outs of what any given HOA handles – before you buy.

Too often, someone buys a home, only to be surprised by things such as an initiation fee on top of annual dues, or that they are allowed to attend board meetings, but may not be able to speak. Your realtor should be able to put you in contact with a board member – hopefully the president, so that you can find out what you need to know before purchasing that Atlanta luxury home.

We spoke with a current member, and former 2-term president of a north Atlanta HOA, Mark Homrich, to get the low-down on these groups and their tasks.

What should buyers find out about before purchasing their home?

• The annual dues, and what those dues include. Are there any extra charges for using pool or tennis facilities?

• Is there an initiation fee? This one-time assessment made at move-in is often higher than the annual dues.

• Ask for a copy of the by-laws and covenants. These are the rules that must be followed by all residents and may cover everything from landscaping, house color, and parking, to common area usage, and what the board is responsible for.

• Once you've seen the by-laws and covenants, take a ride through the area to see how well they are being enforced. This gives a good indication of how active the HOA is.

What should homeowners expect from their HOA when it comes to transparency and communication?

Homrich says most homeowners don't care about all of the details. He feels that the primary piece of information that should be communicated to residents is an annual budget. People need to know where their money is going. While HOA meetings should be open to all residents, most residents don't attend. The minutes of the meetings should be published, and the homeowners should be given access to members for any questions.

Is there any other important information prospective buyers should understand?

There are two types of HOA's, self-managed and 3rd party contract managed. Self- managed boards are made up of volunteer residents who have busy lives. The upside here is that they know the neighborhood and the people well, and have a true interest in keeping properties in compliance. The downside is, because they are residents themselves, it may be harder to enforce covenants without angering neighbors, or they simply lack the time.

Third-party management companies are often hired to handle the “dirty work” and enforce by-laws, contract for maintenance and run the association. If the HOA of your prospective luxury home in Atlanta is run by a management company, you should have high expectations. There should be clear communication of budgets and expenditures, consistent adherence to covenants, and good upkeep of common areas.

Knowing what you're getting into, not only as far as the condition of a prospective home is concerned, will mean fewer unpleasant surprises down the road.

Are you looking Atlanta luxury homes for sale? Visit us today at and we can help you find a good fit.

Freeatlanta - About Author:
Atlanta Communities are one of the top producing agents in Georgia because, whether you are buying or selling Commercial Properties Atlanta, I have the experience to help you make the best deal on homes in roswell ga and Roswell homes and protect you from costly mistakes.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

The important things to consider when person looking for homes for sale Playa del Carmen
Published by Dany on May 3rd 2012 | Business
In this modern and luxurious world, almost every person wants to purchase his/her new home. But in t...
Invest in Irvine homes for a better living
Published by Joy on February 2nd 2012 | Business
Many people come to Irvine with a hope of being a part of its diverse lifestyle. Staying in this par...
How to find homes for sale by owner in Toronto
Published by Olegch on March 11th 2012 | Business
This is a surefire way to ensure that you'll find all of the homes for sale by owner in Toronto that...
Best senior care available at California retirement homes
Published by Simona on January 5th 2012 | Business
A proper understanding of the needs and expectations of the elderly people is very important to trea...
Ducted air conditioning Perth for the coolest homes in town
Published by Customisedair on May 22nd 2012 | Business
Do you want a change in the cooling service at your place? Try ducted air conditioning Perth for the...
Important and useful tips homes for sale Riviera Maya
Published by Dany on May 3rd 2012 | Business
In this age of hectic and feverish activity and especially among the growing population people want ...
Importance of internet for buying destin florida homes for vacations
Published by Dany on May 11th 2012 | Business
Whenever we talk about beauty apart from other factors Destin Florida is best the place which strike...
Indulge in the beauty of Naples as you choose from some of the beautiful waterfront homes
Published by Harry on April 16th 2012 | Business
Choosing a waterfront home here can be quite a difficult task, owing to the beauty and amenities eac...
Get your home at naples florida waterfront real estate,new homes for sale in naples florida
Published by Harry on March 7th 2012 | Business
There are plenty of homes in naples florida waterfront real estate You may go about choosing in two ...
Check out the availability of homes for sale in the famous communities of US!
Published by Sourcesolid on February 8th 2012 | Business
When searching for homes in Columbus GA please take advantage of the school reports, maps, census da...
Why destin florida homes are best and great choice for buying property
Published by Dany on May 11th 2012 | Business
If person wants to buy any property in Destin Florida then person should read this informative and w...
Port Washington homes sale – One of the Best Constructed Houses
Published by Karen Bruning on December 21st 2011 | Business
Hence to have the best buy at Port Washington homes New York, you need to employ the services of a g...
GET YOUR BEST HOUSE AT new homes for sale in naples florida
Published by Harry on March 5th 2012 | Business
There are plenty of homes in real estate in florida naples. You may go about choosing in two ways. T...
What to look in real estate agents before buying and selling Irvine homes?
Published by Michal on April 3rd 2012 | Business
If you plan to buy a home in Irvine, the need for a real estate agent is inevitable....
Luxurious homes in old naples florida real estate
Published by Harry on March 28th 2012 | Business
Let the woodlands and the cool breezes of the old real estate guide you into a state of comfort and ...
Ajax homes are now available for sale at reasonable rates
Published by Brijesh on August 18th 2012 | Business
Making a home in Ajax could be something a great decision for your family’s future. There are avai...
Finding the best Orange county homes
Published by Joy on February 1st 2012 | Business
In the past five years, Orange County has emerged to be a prime choice for housing for citizens all ...
Finding homes and apartments for sale in Rome is easier now
Published by Kristy Wilder on January 23rd 2012 | Business
Lara Case in English means Lara Homes. This is an Italian real estate firm that specializes in a var...
Awesome place waterfront homes for sale in naples florida
Published by Harry on April 9th 2012 | Business
waterfront homes for sale in naples florida. This is a community that is highly sought after for go...
Shipping container homes the latest trend all around
Published by Ashish Pandey on February 6th 2012 | Business
Check out the shipping container homes cost in order to make those perfect shipping container homes ...