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townhouse would ostensibly mean some semblance of an HOA which means HOA would take care of some stuff for you.
better question is does the HOA benefit outweigh the HOA cost - both in terms of literal dollars and time and headache.
good HOAs are hard to find but are a godsend. bad HOAs are a dime a dozen and are a nightmare.
Your agent will be able to get a copy of the HOA bylaws and financials records from the past couple years. Review their reserves, what they are spending on projects, vendors, if the holistic community is paying dues or if there is a deficit. Are there any leans on properties due to lack of HOA payment? What does the board do if community members consistently do not pay their dues? (Do other members absorb that cost through special assessments for reserves?)
What is the percentage increase that t
Subject Expert
Are you the prospective tenant? Or the prospective owner / landlord?
Coach
My first apartment I bought was in a 4 plex. I own the top story. The guy on the 3rd story calls the police on every Airbnb renter. He doesn’t want people he doesn’t know in the building. I told him my plan before I did it, it’s 100% legal. He ensures they have a terrible experience. I shared my Wi-Fi and cable with him and buy him beer when I’m in town. I tried to be nice. I’m finally selling it. The next apartment I bought the entire 4 plex. Now I’m in a new neighborhood, with jack hammers going all day. 😂 Expect problems. My tenants have been the surprise. They’ve been great so far.
I have a condo for rental purposes and generally it’s nice to have an HOA, but mine is a total cluster. Completely mismanaged and owners are always upset. So I would just say- make sure that you have a financially transparent and well run HOA before purchasing. And read those bi-laws 👀
But also- single family appreciation is 🌟
Do single family