HOA Covenants are NOT Owner’s Manuals

Meghan Riley Home Buyer Tips Leave a Comment

According to the Foundation for Community Association Research, 24% of Americans live in a community with a homeowners association (HOA), condo owners association (COA), or cooperative. That’s up 23% from the 1970s! Many of the new construction communities in Wilmington have some form of an owners association. It’s odd not to come across a development that doesn’t have one that …

HOAs are Like Snowflakes…No Two are Alike

Meghan Riley Home Buyer Tips Leave a Comment

So, you found a home in the Wilmington area that you like, but you’ve discovered it’s in a community with a homeowners association (HOA). Maybe you didn’t have a good experience with your last HOA or you don’t like the idea of your neighbors regulating how you use your property. Either way, you weren’t planning on having to deal with …

What You Should Know Before Buying in a Homeowners Association

Meghan Riley Home Buyer Tips Leave a Comment

Before you buy in a Wilmington community with a homeowners association, there are a few things you need to know to make sure you’re buying in a community where you will be happy living. But first, you must understand what a homeowners association (HOA) is. HOAs were first created to enforce and improve upon the restrictive covenants i.e. rules written …

The History of Homeowners Associations

Meghan Riley General Real Estate Leave a Comment

During the mid-1940s to 1950s, the installation of the Serviceman’s Readjustment Bill sprung the building of a large number of planned communities. These were houses that veterans could buy with low-interest loans provided by the government. Initially, these communities did not have home owners associations; however, they did have restrictive covenants that prohibited such things as laundry lines in the …