HOA would not let boat be visible
Homeowners Associations (HOAs) and Condominiums (COAs) are governed by Covenants, Conditions, and Restrictions (CC&Rs) which dictate how residents can use their property and the common areas. These CC&Rs can have a significant impact on a buyer’s lifestyle and finances.
Realtors have an ethical obligation to ensure their clients, the buyers understand the property they are purchasing. In our experience most Realtors discount the covenants of the association and some just bundle the CC&Rs in with other sales documents for the owner to review at their convenience. Many buyers don’t understand the importances of these documents and once they purchase.
Having a clear understanding of the CC&Rs can help buyers avoid unexpected restrictions or fees. For instance, CC&Rs might limit the types of pets allowed, restrict parking options, or prohibit certain modifications to the property. Additionally, HOAs typically charge monthly or annual dues that go towards maintaining common areas and amenities. Buyers should be aware of these costs to factor them into their budget. By educating buyers about CC&Rs, realtors can help them make informed decisions and avoid potential problems down the road.
Here are the top complaints owners have about CC&Rs:
Restrictions on individuality: CC&Rs often dictate everything from paint colors and landscaping to antenna types and holiday decorations. Other association have strict architectural guidelines and limits on height. This lack of freedom for personal expression can be a point of contention for some buyers who value customization.
Parking hassles: HOA parking rules can be a major source of contention. Restrictions on the number of vehicles, guest parking limitations, or designated parking spots can feel inconvenient and limit flexibility.
Unforeseen HOA fees or special assessments : While most buyers anticipate HOA fees, understanding exactly what they cover and the potential for increases can be a concern. Unforeseen special assessments or ongoing costs for amenities they may not use can feel burdensome.
Pet limitations: Pet restrictions on breed, size, or even number can be a dealbreaker for some animal lovers. Strict leash laws or limitations on pet noise can also cause frustration.
