Homeowners Association and Real Estate Properties

High-end neighborhoods often have strict Homeowners Associations (HOAs) with a laundry list of rules. Understand what you can and can’t do with your property before you buy it. If you plan to use the property as a rental, ensure the HOA permits this. Don’t solely rely on your real estate agent; review title documents yourself or consult with an attorney.

For older renovated homes, invest in a boundary survey during the inspection period and have a contractor check updates and additions for compliance with local permitting requirements. Certain homes may have additional units or garages added later—ensure these comply with zoning regulations and don’t encroach on neighboring lots.

Always consider future marketability; even if it seems like your forever home, circumstances change, and real estate is an investment. Prevent potential price reductions by addressing any issues now that could deter sophisticated buyers when you go to sell.

By Danielle Wallace, Kennyhertz Perry, LLC

To learn more about Kennyhertz Perry, LLC, please visit kennyhertzperry.com.

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