Before purchasing a home in a HOA company Charlotte neighborhood, you should learn about the HOA’s rules and policies. These rules may include budgets, reserve funds, and rental restrictions. In addition, you may be required to pay for special assessments if something goes wrong. Finally, you may be required to comply with rules governing outside decor and parking.
COMMUNITIES CAN NO LONGER SEE EACH OTHER WITHOUT HOAS
In Charlotte, North Carolina, HOAs are a key part of the local housing market. The city’s population has skyrocketed in the past few years and housing communities have been built rapidly. The metropolitan area boasts over 775,000 residents, making it the 17th largest city in the country. WM Douglas is a Charlotte HOA management company that focuses on residential and mixed-use communities.
HOAs are run by a board of elected residents. This board has the authority to decide the future of the neighborhood. They usually hold private meetings and are accountable to the residents. Board members are usually unpaid and are usually residents of the community. They enforce rules and can even evict homeowners who violate them.
Before hiring an HOA management company, discuss your needs and expectations with the board. Make sure the company you choose meets those expectations.