![]() Real Estate News and Advice |
| February 10, 2012 |
|
Need Product Help?
Local Guides
All Local Guides
Alabama Alaska Arizona Arkansas California Colorado Connecticut DC Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming |
Making HOA Appearances
by Richard Thompson
There seems to be a tendency for common wall homeowner associations to acquire, over time, unintended owner touches like custom mailboxes, address numbers, pink flamingos, bird feeders and a variety of other questionable designer touches. What is a reasonable approach for the HOA to follow when it comes to appearance standards and while should there be standards at all? Exterior appearance directly impacts property market value. A great curb appeal can add big value while bad curb appeal can sink values like a rock. It’s left up to the board to set reasonable standards. Often the governing documents are vague. If this is the case in your HOA, it may be time to develop an exterior appearance policy. Some suggestions:
Form a committee to draft a policy and ask for member input. Without it, implementation and enforcement will be an uphill battle. When complete, deliver a written copy to all members and allow a reasonable feedback time. Next, schedule a special meeting where the policy will be discussed and revised according to input. Next, include the final draft as an agenda item for the next official Board of Directors meeting. Once approved, make sure it is clearly noted in the meeting minutes. Finally, deliver an "Approved" copy of the policy to all members. As far as compliance is concerned, the board or compliance committee should inspect the property monthly. The sooner violators are notified, the easier it is to get compliance. The tone of the notice should be decisive but not authoritarian. Even violation notices can be an opportunity to forge a better community. Making appearances at the HOA is an appearance worth making. For a sample Architectural Design Policy, see Regenesis.net. Published: October 8, 2008 Use of this article without permission is a violation of federal copyright laws.
|
Real Estate News Network
Today's Real Estate Outlook
Mortgage Rates
30 Year Fixed: 3.87% 15 Year Fixed: 3.16% 1 Year Adj: 2.78% (U.S. Weekly Averages) Today's Headlines 10/08/2008
Spotlight
|
||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||
|
for Agents
Readers' Choice
Our most popular recent articles
|
||||||||||||||||||||||||||||||||||||||