Homeowners Association pros and cons for Sellers and Buyers

Selling your home in a community ran by a Homeowners Association can be tricky. Many new home owners are unaware of the intricate rules of the association, and that each association can have their own rules and bi-laws. The property value of the home you’re selling will more than likely be increased by the fact that you belong to a HOA, from well-kept landscaping, gated area, or the like; but that increase came with a price = DUES. The value of the property might be higher, but the cost of living there is now even higher for your potential buyers because of the dues. When pricing your home for sale, take into account any dues the new home owners will have to be paying in your stead. But you can also use your HOA as a selling point, explaining that the kept lawns, safe playgrounds, and friendly neighborhood is what’s to be gained from a minimal yearly contribution.

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