Are You Familiar With Condo Restrictions?
If you\’re researching about the option of purchasing a property in a condo, townhouse, or subdivision development, you\’ll be forced to follow a stringent homeowner association rules and regulations; pay fines when you fail to obey these rules; be subjected to a property lien when you can\’t keep up with the monthly association fees; violation fees and other assessments; and receive additional fines when you break the rules.
Don\’t make the mistake other homeowners have by failing to review the homeowner association rules before you buy a property. When you review the association rules, check to see if the following rules exist:
-You can\’t begin any exterior remodeling or painting project without the approval of the homeowner association.
-You aren\’t allowed to park your car in the drive way to fix it.
-Backyard storage sheds aren\’t allowed on your property.
-Installation of outdoor clotheslines, old fashioned TV antennas, satellite dishes, or basketball hoops isn\’t allowed.
While certain association rules are designed to provide a neutral atmosphere for all residents, not all residents feel as passionate about some of the rules. For example, while children must be allowed in all developments, except for senior developments, some residents may not welcome children as equally. It may take some effort on your part to become involved in the association in developing a more child friendly atmosphere.
Can you live with these stringent rules:
-Only one pet per unit allowed. Maximum weight can\’t exceed 15 counts.
-Association rules will force a property owner to dispose of uncontrolled or excessively barking dogs within three days notice by the board.
-If a property owner maintains a bicycle, it has to be locked away in specially designated places. They can\’t be left unsupervised on common grounds, in hallways, or left out on patios or balconies.
-Personal demeanor and dress code must follow association requirements.
-Signs will not be displayed anywhere on the property.
-Owners aren\’t permitted to install drapes or curtains in any unit without a white liner visible from the exterior.
-Social gatherings in a unit are restricted to a maximum of 10 guests at any single event.
-If a property owner has plans to rent out their unit, a pre-approval must be obtained by the board before embarking on such an endeavor.
-If you decide to sell your unit, the board can reject any new homebuyer in the association for any legal reason it decides is appropriate.
Homeowner association rules can affect certain areas of your lifestyle. Before you decide on a development, make sure to review the regulations to see if you can live with them.
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