If you’re buying a home or land for sale in North Florida, you may need to learn about homeowners association dues – because many neighborhoods in the area require them.
What Are Homeowners Association Dues?
Homeowners associations, or HOAs, are associations of people in certain neighborhoods who unite with the sole purpose of preserving property values. HOAs have several rules, called covenants, conditions and restrictions, or CC&Rs, that all property owners in that neighborhood must abide by. In exchange for making and enforcing rules that help preserve property values, homeowners must pay dues to the association.
The dues also cover other things, such as neighborhood amenities. Sometimes this includes things like lawn maintenance, common area maintenance (including playgrounds and swimming pools, as well as maintained walking trails and things the whole community can use).
Dues vary by neighborhood. If you’re interested in buying a home in a neighborhood that has an HOA, ask your Realtor® to get you a copy of the association’s CC&Rs so you can find out how much dues are, how they’re calculated, and what they cover. Then, you can make the best possible decision about whether to buy a home or property in that neighborhood.
Are You Moving to Lake City?
If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.
In the meantime, check out the most popular Lake City home searches by exploring the links below.
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