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 http://www.HomeownerResource.com/.
2. • 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
Homeowner Association Tips for New
Homeowners
3. • 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
Homeowner Association Tips for New
Homeowners
4. Homeowner Association Tips:
1. 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
Homeowner Association Tips for New
Homeowners
5. Homeowner Association Tips:
2. Analyze HOA’s governing documents –
each HOA will have CC&R’s, 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
Homeowner Association Tips for New
Homeowners
6. Homeowner Association Tips:
3. 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
Homeowner Association Tips for New
Homeowners
7. Homeowner Association Tips:
4. 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
Homeowner Association Tips for New
Homeowners
8. Homeowner Association Tips:
5. Check-out Amenities – homeowners
should check inventory of community
amenities. Compare what’s 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.
Homeowner Association Tips for New
Homeowners
9. Homeowner Association Tips:
6. Investigate community resources –
community resources creates opportunity
to connect neighbors, board members
and others. Establishing community
resources promotes neighborhood
participation in HOA
Homeowner Association Tips for New
Homeowners
10. • 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
Homeowner Association Tips for New
Homeowners
11. 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/.
Homeowner Association Tips for New
Homeowners