What Lake Monticello owners should know about homeowners associations
November 20th, 2009 categories: Communities, FAQ, First Time Buyers, For Buyers, For Sellers, Helpful Tips, Info, Lake Monticello, STR Market Info Blitz
This post is part of the Strong Team REALTORS Market Info Blitz. We’re heating up the Winter market by giving you three-months worth of the information you need, November through January. Check out the latest posts in the blitz, here.
A Lake Monticello home at sunset
The Lake Monticello Owners Association is one of the largest homeowners associations in Virginia, and certainly the largest in the Charlottesville area.
Not to long ago, we shared with you how you can get information about the LMOA directly from their website.
But what if you want more general information about how homeowners associations work? Or what if you live in a homeowners association other than the Lake Monticello Owners Association? Then what?
Don’t worry– we’ve got just what your looking for.
HouseLogic.com has a very informative article about what to expect when you live in a homeowners association.
The information in the article applies to homeowners associations in general. Sure, every homeowners association is going to be different, but the article is a great starting point for general information that will prepare you to live in a homeowners association.
One piece of advice that is particularly useful is the what to do when you don’t like the rules of your HOA, or you think things need to change– get involved. The article offers the following ways to do something in order to get the results you want:
Become the rule-maker
If you don’t like the rules, the best way to change them is to become part of the process.1. Know your CC&Rs, annual budget, and employee contracts. Do you see areas where expenses can be cut? Are service providers doing their jobs?
2. Volunteer for a committee or task. If the board needs to enforce parking rules, for instance, you can volunteer to gather license plate numbers of residents’ vehicles. In addition, put your professional expertise to work: Assist the board with data entry, accounting, or website design.
3. Stand for election to the board. When a position becomes open, the board notifies the members, and you can put your name forward. New board members are elected at the annual meeting by member majority vote. Many boards are three to nine members large, with terms of one to two years.
Living in a homeowners association can be very different from neighborhood to neighborhood. With the knowledge that the article provides, however, you’ll be more prepared as to what you should expect from your homeowners association.
If you have a question about any of the homeowners associations in the Charlottesville area, don’t hesitate to ask us! We’ve helped hundreds of buyers and sellers in the Charlottesville area who lived in or moved into homeowners associations. We’re always happy to offer our knowledge and experience, or put you in touch with the right people to answer your questions.
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