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Is an HOA Community Right for You?

by Team Bowers 02/16/2020

Image by Free-Photos from Pixabay

When you’re looking into buying a new home, one of the decision you’ll need to make is if you want to live in an HOA community or not. Homeowners association (HOA) communities offer certain advantages and disadvantages compared to non-HOA communities. Knowing more about these pros and cons can help you make the right decision on where to look for your new home. 

Pros of HOA Communities

Being part of an HOA community means that you’re less likely to have to deal with unkempt properties or unusual yard decor around you. HOAs generally have a set of rules that homeowners must follow, or they face being fined. The goal is to ensure that the community maintains a tidy, visually appealing appearance. You might also have access to community amenities as part of your HOA membership, such as a pool or clubhouse. 

Cons of HOA Communities

Living in an HOA community means that you’ll be expected to follow the association’s rules and restrictions. Your experience with this will depend on the HOA’s specific rules and restrictions, which can vary widely from one association to the next. Some HOAs have strict rules or a long list of restrictions, while others are more relaxed. For example, you might only be allowed to use specific colors for your home’s exterior. You might also have to check with the HOA and get approval for any changes you plan on making to your home’s exterior or your yard. 

Pros of Non-HOA Communities

When you choose to live in a non-HOA community, you are free to style your house and yard to meet your preferences and lifestyle. This provides you with more freedom to remodel your home exterior or make changes such as planting certain trees or installing a swimming pool or trampoline. When you’re not part of an HOA community, you only have to worry about following local property laws. You don’t have to keep track of HOA rules and restrictions or worry about being fined for breaking them. 

Cons of Non-HOA Communities 

While having more freedom to do what you want with your property might seem better, it’s important to consider the disadvantages of non-HOA communities. When you’re in one of these communities, you might have unsightly properties nearby that affect your home value and curb appeal. You might also have neighbors with an overgrown yard near you, which can raise your risk of having pest problems on your own property. HOA communities have rules in place to prevent these problems from happening.

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1. Bowers Realty has the largest selection of “Hot Properties”.
Most buyers prefer to look at “Hot Properties” instead of” leftovers. “That’s why buyers want to have early access to new listings (“Hot Properties”) within a few hours (or minutes) after they “hit” the market. Since one out of every ten new listings in the Detroit Metro Area is a Bowers Realty listing, buyers with a Bowers Realty agent have first choice at selecting from the largest selection of “Hot Properties” available in the Detroit Metro Area.

 

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For something as important and as complicated as purchasing a home, most buyers desire a company with an experienced team of Realtors to assist them. Bowers Realty has over 40 years in the real estate business.

 

3. Bowers Realty puts its customers first. YOU get first choice.
Bowers Realty’s policy requires all of its listings be offered to its customers FIRST? Bowers Realty agents are not allowed to purchase their listings for investment purposes until those li stings have been offered to our customers for at least three days. You’ve heard that complaint, “Well, all the hot properties are snapped up by the real estate people.” At Bowers Realty, YOU get the first choice.

  

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You have found your dream home, negotiated the contract, and are making plans to move. You have scheduled the movers, time off from work, family and friends to help you move, day ca re for the kids, and all the details. Now, after all your hard work, what are the odds of your contract closing on time? In the Detroit Metro Area market. your odds are less than 50/50 that your contract will close on time. If you are working with a Bowers Realty agent, your odds increase over 90%. Last year Bowers Realty closed 90% of 300 contracts ON TIME!

  

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