Homeowner Association Tips for New Homeowners

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• Homeowner Association Tips for New Homeowners

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Homeowner Association Tips for New Homeowners

• New homeowners can be defined as
• First time buyers who never owned a home before.
  New to HOA living and new to HOA community
• First time buyers in HOA community, never
  experiencing HOA living. But previously owned a
  home in non-HOA neighborhood
• Lived in HOA previously and moved to a new HOA
  community

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Homeowner Association Tips for New Homeowners

• Regardless of status new homeowners need to know
  life within new neighborhood
• Tips will help all new homeowners dodge any
  issues and will help new homeowners benefit from
  everything HOA has to offer

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Homeowner Association Tips for New Homeowners

• Homeowner Association Tips
• Commit to education remain vigilant on learning
  all there is to know about HOA. Things need to be
  understood prior to purchase of home in HOA
  neighborhood

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Homeowner Association Tips for New Homeowners

• Homeowner Association Tips
• Analyze HOAs governing documents each HOA will
  have CCRs, by-laws and regulations, meeting
  minutes, financial statements and more. Buyers
  need to be diligent in this step. Governing
  documents dictates whether homeowners lifestyle
  is compatible with HOA rules and regulations

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Homeowner Association Tips for New Homeowners

• Homeowner Association Tips
• Determine financial responsibility homeowners
  need to be advised on dues and special
  assessments. Buyers pay a share of expenses when
  they buy property in a HOA

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Homeowner Association Tips for New Homeowners

• Homeowner Association Tips
• Evaluate the management company experienced
  management company will develop programs to
  improve how HOAs operate. They enhance
  connections between homeowners and boards. HOAs
  that uses management company, should research the
  firm to determine standing within industry

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Homeowner Association Tips for New Homeowners

• Homeowner Association Tips
• Check-out Amenities homeowners should check
  inventory of community amenities. Compare whats
  identified on website versus what is seen
  in-person. Common amenities within HOA
  communities are pools, spas, tennis courts,
  restaurants, golf courses, fitness and business
  ctrs., game rooms, etc.

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Homeowner Association Tips for New Homeowners

• Homeowner Association Tips
• Investigate community resources community
  resources creates opportunity to connect
  neighbors, board members and others. Establishing
  community resources promotes neighborhood
  participation in HOA

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Homeowner Association Tips for New Homeowners

• Neighborhoods can do so much more than house
  people. Properly managed HOAs take neighborhoods
  to new levels by enhancing lives and build
  vibrant communities
• AAM works with the largest homebuilding community
  development companies. AAM is dedicated to
  delivering total peace of mind to Board Directors
  and homeowners

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Homeowner Association Tips for New Homeowners

• About the Author
• Jason Tucker is VP of AAM Edge, a dynamic and
  exciting new online community from Associated
  Asset Management that delivers trusted and
  relevant information to homeowners. Learn more
  about Homeowner Resources by visiting
  http//www.HomeownerResource.com/.