Homeowners Association
Q. What is the purpose of a Homeowners Association (HOA)?
A. The HOA’s main goal is to increase property values in the community. To do that, the HOA sets and enforces rules for how properties in the neighborhood should look and what homeowners can-or can’t-do.
Q. How Does an HOA Work?
A. HOAs usually form when a community is built. The developer creates the homeowner’s association, then hands it off to the people who buy houses in that community. Those people automatically become members of the HOA.
The homeowners vote for a board of directors to run the HOA. The board chooses the community’s features and services, collects monthly fees to pay for those things, and sets and enforces community rules.
The HOA lists those rules in a document called a Declaration of Covenants, Conditions and Restrictions (CC&R). And anyone who buys a house in the community must agree to live by those rules and pay monthly membership fees.
Q. What Do Our HOA Fees Cover?
A. Most of your HOA fees help cover the costs of shared amenities but part of your fees go into a reserve fund. (It’s basically a savings account that helps pay for big expenses, like replacing the old roof on your condo building or resurfacing the parking lot.)
- Lawn maintenance
- Snow Removal
- Sidewalk Lined Streets
- Street Lighting
- Paved Walking Trails with shelter gazebos
- Kayak/canoe entry & access to deep water Tanners Creek
