A homeowners association is a legal way to insure that there would be certain rules in place to govern the way people live in a particular community. It can be a high-rise building, golf course development, townhome community or traditional neighborhood. Check out our articles and blog posts for more information about homeowners associations.
How are Homeowners Association Fees Determined?
These homeowners want to know how their homeowner association fees are determined for a large neighborhood that restricts access to some areas the association maintains. Q: Hi, I enjoy reading your column in our local newspaper. I live in a homeowner’s association that is aggressive. We have around 250 homes and some of the homes [...]
Is Buying Cheaper than Renting?
Is buying cheaper than renting? You’ve probably heard that buying a home is cheaper than renting an apartment. And since the housing crisis, when mortgage interest rates dropped to historic lows while rental rates were rising, that was mostly true. Now that mortgage interest rates are rising, that's no longer a slam dunk. And, there [...]
Noise Issues With Neighbors: How to Deal With Rotten Neighbor Problems
Do you have noise issues with rotten neighbors? How to deal with neighbor issues in a homeowner's association. Q: I borrowed your book for first-time home buyers from the library a few years ago. I need to read it again and this time I’ll buy it. But in the meantime, I’m hoping you can answer [...]
Ilyce Glink on WSB Radio – December 22, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. She talked about whether you should refinance your mortgage, how to finance investment properties, and what to do if your homeowner's association is making life difficult by raising fees. She also talked about buying foreclosure properties,trading a CD for an annuity, and rolling over a 401k into an IRA. You can download the podcast here or at iTunes.com. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog . Sign up for Ilyce's free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. Subscribe to her YouTube channel: www.youtube.com/expertrealestatetips and friend her to be notified about new videos.
Does Seller Disclosure Include Homeowners Association Assessment?
When a home seller sells a property the seller must disclose hidden facts. Do these disclosures include homeowners association assessments? A buyer complains about an upcoming homeowners association assessment for street repairs and asks if he has recourse since the disclosure wasn't made.
Homeowners Association Disapproves Of Replacement Windows
A condo owner recently installed replacement windows and his homeowners association notified him that he broke the homeowners association covenant. The replacement windows are similar to his neighbors' windows. Ilyce says he may have to pay a fine or contact a real estate attorney.
Ilyce Glink on WSB Radio – November 2, 2008
Today on the Ilyce Glink show, Ilyce invited noted condominium association attorney George Nowack to spend some time on the show discussing some of the issues facing homeowners and homeowner associations during the current housing crisis. Nowack, a partner with the Atlanta law firm of Weissman, Nowack, Curry & Wilco, talked about how foreclosures are sapping HOA coffers, forcing HOAs to become creative in terms of the fees they charge to local homeowners. If you live in a development or condominium that has an HOA, this is a show not to be missed. To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Synthetic Stucco Affects Home Value
You may have heard all about synthetic stucco, and how many homes with synthetic stucco coverings suffer water damage. But is it worth it to replace synthetic stucco to improve a home's value? Even if your EIFS, or synthetic stucco, has been problem free, there may be a stigma around synthetic stucco. Before deciding whether to change the synthetic stucco siding on your home, it may be worthwhile to consider your home in comparison to others in your neighborhood.
Condominium Board Won’t Pay For Maintenance
A condominium owner has a roof leak and no one is fixing it. Her brother wonders whether she should keep paying her condominium fees. You need to check what the homeowners association regulations say about what the owner's responsibility is and what the condominium homeowners association's responsibility is to fix.
IRS Tax Provisions For Rental Property And Primary Residence
What tax deductions can you take on a primary residence and on a rental property? The IRS does not let you treat a property rental as a primary residence for tax purposes. And what risks do you face if you rent out a property in a homeowners association that prohibits rentals?