Information

Take a moment to browse my resource center to look for answers and information including the latest trends in the local market.
Search MLS

Search the Washington Metropolitan area for Homes

Search Washington DC Metropolitan Real Estate Listings
Tips
Community News
Articles
Useful Links
Videos
close

Tips


Washington DC Real Estate Tips

Washington DC Tips

Energy Tips

close
close

Articles

close
close

Buckman Videos

Michele Buckman has put together some videos discussing the current DC market and what the future may hold for the real estate market in the Washington DC area.

close

Washington DC Real Estate Resource Center: What is a Homeowner's Association?

Many homes in the Washington DC area may be part of a homeowner's association (HOA). An HOA is a legal entity or organization made up of members who own property within the HOA community. Oftentimes, the HOA officials are elected by the HOA members and community; these officials are responsible for developing and maintaining a budget, approving home and community maintenance and construction, and enforcing and following community regulations and rules. The HOA also collects monthly dues from homeowners and can issue fines against homeowners who do not follow HOA regulations.

Buying A Home With A Homeowners Association (HOA)

When buying a house with an HOA, make sure you thoroughly read the HOA manual, rules, and regulations, and make sure you can abide by them in your new home and community. Find out with the monthly dues are and if those dues may increase and the last time dues were raised. You should also be sure that the HOA has a healthy budget and no pending lawsuits. An HOA can be a great asset for your new home, as an HOA protects the property values of homeowners, creates a great community atmosphere, and takes care of such common grounds and facilities as pools, sport courts, and community gathering places.

HOA - More Information

For more information on the role of an HOA and how to assess an HOA when buying a home, contact Michelle Buckman. Representing W.C. & A.N. Miller and Christie's Great Estates properties in Chevy Chase, Northwest Washington DC, Capitol Hill, and the Trinidad neighborhood, Michelle works with a full range of clients, notably first-time homebuyers.




Copyright © Michelle Buckman Real Estate

202-966-1400 (o) | 202-251-8400(c)
michelle@buckmanrealtor.com

Michelle Buckman Real Estate


Tips for Selling Capitol Hill Real Estate
Selling a Washington DC Home from Out of Town
Buying a NW Washington DC Home: How Much Home Do You Need?
Washington DC Realtor: Washington DC Housing Market Has Recovered and Is Surging
Capitol Hill real estate is a popular choice for people looking to buy homes in Washington DC
DC Realtor: 5 Tips on Color Can Help Sell Your Washington DC Home

About | Buying a Home | Selling a Home | Listings | Relocating | Blog | Finance | Resource Center | Contact us | Home