Highlands NC Real Estate, Buying in an HOA
Buying in an HOA (homeowners’ association) often goes hand in hand with Highlands NC real estate. Whether you are purchasing a condo or a home in a gated community there is a chance that an association goes along with the purchase. Knowing as much as you can about the association prior to closing will help ensure a wise investment.
Association finances are a big part of any HOA. From dues to reserves, it is essential to understand the association’s finances. Get a hold of the financials, including up-to-date budget information. Understanding where the money goes is important, as is knowing whether the HOA has debt or looming assessments on the horizon.
Rules and regulations
Reading the association documents and declarations is important. Not every HOA is created equal and all have different rules. For example, some rule out short term rentals, and some rule out the ability to have a dog. Making sure you know as much as possible will make your Highlands NC home purchase an educated decision.
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying real estate in Highlands NC. We welcome the opportunity to update you on the market while helping answer all of your questions. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “What Should You Know About Homeowners Associations?” from Realty Times.