If you are looking at moving into a newer neighborhood within Maryland, it is likely that you’re going to have to deal with a homeowner’s association or also commonly known as an HOA. This association is in charge of enforcing certain measures such as how high a person’s grass can grow. Although strict, some homeowners like this type of regulation as it protects the aesthetics of the neighborhood and the value of their home. But what type of control do they have? Read on to learn further about HOAs and their power within a neighborhood.
Common interest development
Every neighborhood you visit is going to be different; that is just a fact. That is why you will run into areas that either won’t allow pets or only welcome certain types of pets. Some neighborhoods may have homeowners who love to garden but don’t want a ton of fencing ruining the area. This is called a common interest development or CID, and it is something that homeowners must look closely at before purchasing a home. Of course, this all could change if community rights are exercised. This is when a vast majority of residents agree on making a certain change.
Total control over fees
One of the reasons why so many don’t like living with an HOA is that they tend to charge high fees. These fees go towards keeping the area looking nice by hiring landscapers, painters, and security guards. However, agreeing to these fees can come with a huge risk to your home. If you do not pay, your HOA may take action to start the foreclosure process on your home. This, of course, can be devastating for families who are already having a difficult time paying their mortgage.
As stated above, homeowner associations hold a lot of power within their neighborhoods. That is why it is so important to consult with an attorney if your HOA ever challenges you. Doing so may save you thousands in fees and potential expenses such as moving away from your home.
