What to Expect From an HOA in Charlotte, NC

Buying a home in Charlotte, North Carolina is a great choice for many people. It offers a beautiful city and plenty of shopping, dining, and entertainment options. However, the downside is that there are also many homeowners associations (HOAs) that operate in the area. The costs associated with  HOA | wmdouglas.com can be significant, and you’ll need to know what to expect before you buy.

CC&Rs

CC&Rs are covenants, conditions and restrictions (also called governing documents). They are recorded by a real estate developer, and serve as a guide to homeowners in an HOA community. They help to protect property values and ensure a standard of living for all in the neighborhood.

CC&Rs can vary from one neighborhood to another. For example, they might require homeowners to remove a dilapidated fence or piles of trash from their yards. They might also prohibit parking in a certain area, or require a tenant to paint their home a certain color.

Most HOA communities have rules governing landscaping and the construction of freestanding garages. In addition, they might have rules governing snow removal, and trash pickup.

Costs

Having to pay high HOA fees can be a drag on your finances. If you are struggling with your monthly fees, you might want to consider moving to a community that does not have a HOA. You can also look for opportunities to increase your income. However, before you start looking for ways to cut costs, you should do your homework.

HOAs charge fees to cover the expenses of maintenance and operation. These fees are used to maintain landscaping, pools, parks, and common areas. In addition, HOAs may charge special assessments to pay for major repairs or unanticipated work.

A typical HOA fee is $200 to $300 per month, depending on the size of the community. The fees might increase if the development is located in an expensive metro area.

Reserve funds

Having enough HOA reserve funds is a good idea. They help to provide the financial cushion necessary to cover unexpected repairs and large-scale projects. This is especially important for associations that operate in communities with shared common areas. Reserves also give the community peace of mind, so that members will not be out of pocket when they need to make repairs.

Managing your reserve funds effectively requires a lot of diligence. You need to determine how much you should have and what you need to do to replenish it. In addition, you need to know if your governing documents require you to have a reserve fund.

CC&R violations

CC&R violations are violations of covenants, conditions and restrictions (CC&Rs) that the association has imposed on the property. These restrictions help the association to maintain its property and keep the neighborhood looking and functioning well.

CC&Rs may contain rules on the design of the exterior of the property, parking, landscaping, and behavior. For example, a community may place restrictions on the types of animals that can be kept on a property. Alternatively, a community may require that an animal be on a leash at all times.

CC&R violations can result in fines and foreclosure. The association may be able to place a lien on the property, preventing the homeowner from selling or transferring the property.

Dispute resolution commission

Whether you’re a new member of an HOA board or an experienced board member, knowing how to handle a homeowner complaint is an important skill. Unfortunately, not all HOA board members know how to handle a complaint properly, and that can lead to a worse dispute.

The North Carolina Dispute Resolution Commission is a government agency that was created in October 1995. It is charged with certifying private mediators and mediation training programs. It also advises other state agencies on dispute resolution.

In addition to certifying private mediators, the Dispute Resolution Commission maintains a website. It also recommends policy for dispute resolution in North Carolina courts.

Legal aid of North Carolina

Whether you’re a member of an HOA in Charlotte, NC or are looking for advice on how to handle a dispute, it’s a good idea to know what your rights are. Homeowners’ Associations have authority to regulate a variety of issues, from parking to repairs to nuisance activities. However, they’re not run by the state or federal government, so they’re not always followed. If you think your HOA is not following the law, you can take action to change it.

The best way to find out what your rights are is to contact a Legal Aid of North Carolina office. There are several clinics throughout the state that will provide you with free legal information on a variety of subjects.