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Good video Jeb. You should consider making a video walking us through HOA docs, where to find important information, what it means, things to look out for, etc.
The key is to select a living situation that best fits your own individual needs and lifestyle. If you prefer more freedom and autonomy, that's completely valid and there are many affordable, wonderful homes that allow just that. Thanks for watching the video and sharing your thoughts. I appreciate your contribution to the discussion!
Jeb, I was blindsided by my HOA until it was time to sell. The HOA only accepts conventional lending. That filtered out many potential buyers. It all worked out in the end. It’s valuable information to have.
You're absolutely right that understanding the specifics of your HOA, including their acceptance of different types of lending, is crucial when selling a property. It can indeed limit the buyer pool and potentially affect the sale.
There's a gated community I worked in that the HOA does not permit motorcycles or RVs inside the gates. You can't have white rocking chairs on the porch, they must be painted. You can't have any Christmas decorations in your yard. You can't have more than 3 garden decorations in view(some can kind of hide them at the back of their house). You can't paint your front door just any color. I think there are rules regarding the types of plants you have in your yard as well. You can't have your front yard fenced but you can have the back with approved fencing. You must get permission to cut any tree bigger than a certain diameter in size on your property, even if it's dying. The fine is $5k if you're caught feeding wildlife. They have to drive to a location within the community to get their mail, no mailboxes. This is really inconvenient for some. They don't have any companies come inside for trash pick up. There is a place inside where they take their trash but it is inconvenient for many. It is one of the largest gated communities in the southeast, last I heard. The fees are over $4k per year. Some ppl really like it in there. There's plenty more rules than I've listed here. It's all about preference. I would NEVER live in there. If someone gave me a house in there, I'd sell it. Too many rules and act better than everybody, gossiping snobs in there.
I lived on a rural road with no HOA and you could do whatever you wanted to do, including never cutting grass, never trimming weeds and you could raise chickens and have as many motorcycles as you wanted. Freedom. Then the elderly lady next door passed away and left the house to her son. He used a power shovel to get snow off his driveway and left it full of holes up to a foot deep. Then he brought in more earth-moving vehicles and construction vehicles of all kinds, not because he used them for work but simply because he liked playing with them. The property was a total wreck within three years. I moved to an HOA community after taking a huge loss selling the home after the property next door had been transformed into a dump by an adult child.
I’m currently shopping for a house in houston, and the surrounding areas, almost EVERYTHING is HOA, and if it’s not it’s raggedy and ran down and the area isn’t even worth living it, we’re moving from Va without hoa, but it seems like everything we’re coming across is hoa, and we’ve been looking for about 5 months, we’re just now putting offers in, it’s almost no way around it
Hi @Street_Costello, finding a home without an HOA in Houston can indeed be a challenge. It's true that many communities utilize them for upkeep, security, and community amenities. If absolutely no HOA is a priority for you, I suggest considering neighborhoods within the inner loop or perhaps looking at older communities where HOA presence is less common. Alternatively, consider HOA benefits and perhaps opt for ones with lower fees and lesser restrictions. Best wishes with your search!
Everyone's needs are different and it's crucial to recognize what fits you best. Some people appreciate the structure and services provided by HOAs, while others prefer complete autonomy. Again, there's no right or wrong, only what works best for you. Thanks for taking the time to watch the video and share your point of view!
Here in the south virtually every subdivision has an HOA. You really have no choice. My HOA is inexpensive and basically takes care of the pools, courts and common grounds. They don’t come after us for every little issue.
I live in the south, GA to be exact, and although there are plenty with HOAs, there are plenty here without them as well. I have worked in gated communities with HOAs for 14 years and now I live(rent) in one. I will be buying a home within the next two years, and knowing everything I do, I will never buy a home in a subdivision with an HOA.
@@TLC717 I live outside of Savannah. It’s extremely rare to find a modern subdivision in this area without an HOA. Like mentioned ours is very friendly and inexpensive. But we ran into some bad ones while house hunting.
@philipketchum1407 I'm in the north GA mountains, maybe that's why there is such a difference. I think communities with HOAs are on the rise around here. There are lots of subdivisions being built and many ppl moving here from Atlanta.
Just subscribed to your channel. Love your videos! Can you do a video about buying a historic home? I live in a house built in the late 1700's and it would be nice to hear your take on buying an old house! So much different from buying a house built in the last 50 years. Got any stories?
In the DFW area it’s almost impossible to get a home without an HOA 😢. It’s so confusing figuring all the aspects of buying a home on top of dealing with an HOA..
Sorry, I respectfully disagree. Everyone I know who lives in a home controlled by an HOA hates it. All they do is complain about what they can and cannot do. Also, I recently discovered that since HOAs have such a bad reputation, homes not controlled by HOAs are in higher demand and also are priced noticeably much higher. HOAs are simply a ticking time bomb of trouble waiting to explode and ruin the American dream of owning your own home.
I plan on purchasing a home possibly next spring. Can I go to a hoa community now that I am considering and ask for all the paperwork you mention? It would really help me to decide about where I end up. I'm in Florida where most of the homes in my area are either hoa or really run down, higher crime and drug type areas. It wasn't like this 10 years ago! So many people here now. If it wasnt for family here I would get of this state that I've been in for 67 years. That's the other thing to consider now, being single on a S.S. income.
My community in NorCal has CC&Rs, but no HOA or any fees due. As I understand, this means only my neighbors can really enforce the rules by taking me to court. Not sure if this is correct?
Yes. We have four HOAs.. we think three are run well and one is not.. that one has a history of special assessments and the most toxic owner forum I can imagine.. if we let one go, that will be it, even though it’s a nice ocean view renting below market but for a profit.. win win for everyone even though it’s bad HOA
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Part of the problem is that an HOA might be started with good intentions. But then it gets corrupted just like just about everything else in our society. He gets some idiots on the board, etc. and then all of a sudden the prices go up, the rules get ridiculous, and it what benefits there are or not worth the hassle.
It's true that, like any organization, an HOA can face challenges as it grows or evolves. Good governance is crucial to ensure that everything remains balanced and the rights of homeowners are respected. However, don't let a few negative stories discourage you from considering an HOA. There are plenty of them out there that maintain their communities beautifully, help raise property values, and provide benefits to their residents. Thanks again for your input, it's an important topic to think about when purchasing a home.
HOAs, or Homeowners Associations, can be for any type of residential property, including both single-family homes and condos. For condos, it's typically referred to as a Condo Association or Condominium Association. Both have similar roles in managing common areas and enforcing rules, but the specifics can vary based on the type of property.
It's true that these communities often provide rules and benefits that might help keep the neighborhood orderly and avoid disputes. However, some buyers appreciate the freedom and autonomy of non-HOA neighborhoods. It's all about finding the right fit for your lifestyle and preferences. Thanks again for watching and adding to the discussion!
@@JebSmith the issue is sometimes those looking for more “freedom “ do something annoying to the neighbors and there is nothing you can do about it. Had many friends experincing it and eventually selling the home. That’s why in OC neighborhoods with HOA are on average more expensive and upscale.
Hi @MyVlogTherapy, glad you liked that part of the video! I appreciate you taking the time to watch and interact. Cheers to more informative and enjoyable content. Stay tuned!
Yes, HOA's can indeed modify or add rules, often in response to changing circumstances or issues arising within the community. However, these changes typically require a vote from the board or sometimes even from the entire association.
