What is an HOA? Is HOA management right for you?
HOA stands for a Homeowners Association. Some communities have one, while others may have a form of one that the state recognizes under a different name. Living in a community with a Homeowners Association has its pros and cons; at the end of the day, it is a community effort to take care of itself well. What does an HOA do, you ask? Clagett Enterprises is here to help you answer that question!
What Is an HOA?
An HOA (Homeowners Association) is a board of directors that sourced by the community to govern its public community matters such as general upkeep of the neighborhood, major renovation projects, and emergency needs. It also sets forth the rules concerning what the homeowner can do with their property to maintain consistency and harmony within the community.
The community pays the HOA a fee monthly or otherwise periodically to fund community upkeep like garbage disposal and storm drainage cleaning, as well as public renovations and emergency projects.
The HOA governs the ongoing and sudden needs of the neighborhood or multi-family building, and it sets the rules through a CC&R.
What Is a CC&R?
A CC&R is a document called the Declaration of Covenants, Conditions, and Restrictions. It is the agreement by which all residents live. Everyone who lives under this HOA agrees to abide by the rules for the public and private property. As for rules, it can delineate the kind of fence or color of house paint a homeowner can use. The purpose is to maintain public peace and the community’s attractiveness and safety.
What Is an HOA Property Manager?
An HOA property manager is someone who can take on all the administrative tasks that the board of directors would otherwise have. An HOA property manager manages the payments, site maintenance, covenant enforcement, and more for the community. Clagett Enterprises offers HOA property management in Maryland, helping over 200 communities in the area.
A property management company can have much more experience and wisdom in running the administrative tasks for a neighborhood or condominium than the board members have. Even if the board is able, the members might opt to hire a management company if they don’t have the time or resources.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.