When you’re looking to purchase a home in Orange County, it’s important to remember that you’re not just paying for the house itself, you are paying for the neighborhood that it’s in.
This can be especially true if you are planning on buying a home in Orange County CA that belongs under the jurisdiction of a homeowner’s association, or HOA. You have to know what you are getting into when it comes to the local HOA before you make a purchase.
What Is a Homeowners Association (HOA)?
Orange County Homeowner’s Associations are organizations created to manage a certain group of houses. They set rules and enforce them in the name of the ‘greater good of the community.’
When you own a home, your actions can have an impact on the people around you. For example, the way you take care of your home doesn’t just affect your home’s value. One home that isn’t properly taken care of can cost thousands of dollars worth of lost value spread across the street and beyond. An HOA is there to prevent this sort of damage from occurring.
An effective HOA can help a neighborhood act sort of like a small village, keeping the peace and pooling resources for the greater good. An HOA might establish rules regarding noise level and make sure that no one makes the sort of noise that the neighborhood as a whole finds unacceptable. They can also pay for things like public buildings and beautification. A well run HOA can do a lot to create a better neighborhood for you and the surrounding homeowners to enjoy.
Potential Concerns to Look Out For
While Orange County HOAs can offer a lot of things not everyone has a positive experience dealing with them. The two main reasons people tend to have problems with HOAs are the fees charged and the restrictions they impose. That’s why you need to make sure you talk to your Orange County CA Realtor® about what the local HOAs are looking for.
When buying a home in Orange County, many people are surprised to find themselves dealing with an additional cost. The price I’m referring to is the HOA fee, which is charged to pay for anything that the local HOA provides. This money goes towards things shared in common like a local park. You might enjoy what’s offered or you might find the fee to be an annoying financial drain. As such you have to balance your desire for these sort of amenities with the additional costs you’ll have to deal with.
Many HOA rules are simple and unobtrusive, but you still need to look into these regulations before making a decision. Moving into a neighborhood only to discover that you are subject to rules that you find unlivable is quite the nasty surprise. The Orange County real estate CA market is diverse and there are a large variety of HOAs out there with different rules to choose from.
Concerns like these are the reason that you should try to look into any HOA that you might become a part of. You need to be certain you can live with their demands before making a commitment. If you are working with a professional Orange County Realtor® they should inform you about any potential HOA concerns that might arise.
Making the Right Decision
It’s important to remember that no two HOAs are exactly the same. Each one is unique in its own ways, which is one of the reasons that opinions about them are so varied.
If you are interested in the HOA your desired home is a part of, you should see if you can talk to current members. They’re the people most likely to tell you what you need to know and it’s never too early to meet your neighbors.
Most first time Orange County home buyers don’t really think much about HOAs while looking for homes. That’s why it’s a worthwhile consideration that you should look into if you want a really thorough search. If you look, you’ll find an association you can fit into and avoid dealing with an HOA that doesn’t fit your needs.
Orange County Real Estate Specialists – Call Now at 949-355-9558
If you are thinking about selling your Orange County CA property, we have years of experience and extensive training in cutting-edge, online marketing technologies for today’s competitive market. If you are behind on your mortgage and don’t know what to do, we are experts in Orange County short sales.
The first step in the selling process is to provide you with an in-depth comparative market analysis (CMA) on your home. We will then create a comprehensive online game plan to get your Orange County CA real estate in front of as many people as possible and get it sold as quickly as possible!
As an investor, we have several services available in the preparation for the sale of REO’S and Short Sale properties. This includes a variety of professional sub-contractors who can do whatever is needed to prepare the property for sale. Once the property is ready, we can also help you with your specific marketing needs.
We provide Orange County CA real estate services within the following cities and communities, but not limited to:
- Laguna Beach – Emerald Bay , Irvine Cove , Crystal Cove,The Village, Crescent Bay and 3 Arch Bay
- Newport Coast – Pelican Hill
- Corona Del Mar – The Village , Spyglass and Cameo Shores
- Newport Beach – Newport Heights, Lido Island, Balboa Island, East Bluff, One Ford Road, Port Streets and Big Canyon
- Costa Mesa – Eastside Costa Mesa
- Huntington Beach
- Irvine – Turtle Ridge, Shady Canyon, Turtle Rock and Woodbridge
Give us a call today at 949.355.9558 or fill out our online contact form and let us know how we can best serve your Orange County real estate needs.
We look forward to speaking with you!
Real Estate Consultant
BRE License # 01771487
2010 Main St Suite 1250
Irvine CA 92614