You found it. While working with your Las Vegas real estate agent, you found the perfect home. It has that kitchen with that breakfast nook. The bathroom has a spa style shower. The backyard is big enough to accommodate all those friends you have.
You say you want it, but there’s one thing. You have to join the neighborhood’s HOA. Immediately, you start imagining grooming your front porch with a fine tooth comb, and you want to run.
At Exit Realty Number One, we want to expel any incorrect information about HOAs in Las Vegas.
What is an HOA?
An HOA is an organization common in a single family gated community, development or complex. The organization’s members comprise of the community’s homeowners who volunteer to serve on an HOA board.
Joining an HOA is required. Luckily, membership is automatic when you buy the property. This means you are subject to the HOAs covenants, conditions and restrictions (CC&R). These dictate what you can and cannot do with your home.
Examples include restrictions on exterior house color, lawn decorations, pets and noise levels. All HOAs differ. Some are laxer on rules while others can be stringent, especially in Las Vegas luxury real estate.
The best HOA depends on your personal feelings. If you don’t mind the rules, then living in an HOA can be a breeze. If you are a free-spirit that enjoys altering the exterior of your Las Vegas real estate, make sure to inform your Las Vegas realtor.
Benefits of Living in an HOA
While it may seem like HOAs are rule-laden, there are benefits of living in an HOA. If you are a type of person who enjoys living in a beautiful community, HOAs are the place for you.
No longer do you have to worry about trash rolling down the street. Broken down cars and bikes will cease to leave oil spills in the street. Your home’s value will also not decline due to a neighbor’s lack of interest maintaining their home or lawn.
Other privileges include access to the community’s amenities, such as a clubhouse, fitness center or park.
In addition, it’s important to remember that you are a member of an HOA. If you don’t like some of the rules within the organization, you can petition and amend them if other people share your opinion.
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