Andrea Anastas - RE/MAX Village Properties | Topsfield, MA Real Estate, Boxford, MA Real Estate


While they have become ubiquitous with the emergence of suburban neighborhoods and townhouses, homeowners associations (HOA, for short) are a relatively new phenomenon.

In modern America, there are many ways to live: apartments, condominiums, houses, townhouses, and now even “tiny houses” are gaining traction. But it wasn’t until the late 1900s that property owners began to experiment with alternative ways of living that revolved around share, “common spaces.”

What constitutes a common area?

Whether you live in an apartment, a house, or in your RV you likely experience common areas every day that are owned by the government. Roads, bridges, and parks are all common areas in that they are used by multiple people and their upkeep is paid for with taxes.

If you take that analogy and apply it to the greenways and lobbies of a condominium, or the streets and sidewalks of a gated community, there are few differences.

What is a homeowners association?

When a developer plans a new community they will often create a homeowners association that will be managed by the people who move into the houses or condominiums. Once a certain number of people have moved into the development and joined the HOA the developer will typically hand over ownership to the HOA and relinquish their legal rights and responsibilities of the land. From there, the HOA typically has complete control over management. Though it should be noted that states have their own HOA related laws with varying levels of oversight.

What does an HOA do?

The most common thing we associate with HOAs is fees and rules. People who move into a community governed by a homeowners association are typically required to join the HOA and are therefore obligated to pay fees and adhere to the guidelines set down by the HOA board.

The fees you pay will go towards maintenance and development of the common areas of your community. That usually amounts to landscaping, maintaining pools and fitness complexes. Fees can range from anywhere between $200 and $450 per month depending on where you live.

HOAs also enforce regulations that homeowners must follow. These vary depending on the community but often include building restrictions for things like fences and additions, as well as other ways that homeowners can customize their homes such as paint and vinyl color. Some homeowners associations go so far as to regulate whether or not a homeowner may fly the flag on their favorite sports team over their door.

Advantages and disadvantages

So what are the advantages and disadvantages you can expect when you belong to a homeowners association? Let’s start with the clear disadvantages. If you are a tinkerer or someone who relishes the freedom to do what they want with their property, living in an HOA-run community might not be right for you. If your salary isn’t quite what you’d like it to be, the cost of living in an HOA neighborhood, along with the monthly fees, might be a bit more than you’re comfortable with.

What about the advantages? First, you can expect that the neighborhood will be well-maintained. This brings about another advantage in that you can expect your property value to grow or at least remain stable thanks to the quality of the neighborhood being carefully managed.



12 Stoneholm St, Boston, MA 02115

The Fenway

Condo

$650,000
Price

3
Rooms
1
Beds
1/1
Full/Half Baths
Rarely available 1 bedroom, 1.5 bath duplex could be yours, located at 12 Stoneholm! This bright rooftop condo features downtown living at its best. Unit includes unique features such as an open concept kitchen featuring granite counter tops and stainless steel appliances, one and a half updated bathrooms, California walk-in closet and in-unit laundry. Full service building includes 24 hour concierge, rooftop pool, fitness center, roof top deck, bike storage and elevators. Steps from Whole Foods, CVS, Post Office, hardware store and more. Quick walk to Fenway Park, South End restaurants, Newbury Street and Boylston Street. Ample resident street parking with option for in building rented parking; walking distance to Green/Orange T line.
Open House
Saturday
December 09 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 12 Stoneholm St, Boston, MA 02115    Get Directions

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12 Stoneholm St, Boston, MA 02115

The Fenway

Condo

$650,000
Price

3
Rooms
1
Beds
1/1
Full/Half Baths
Rarely available 1 bedroom, 1.5 bath duplex could be yours, located at 12 Stoneholm! This bright rooftop condo features downtown living at its best. Unit includes unique features such as an open concept kitchen featuring granite counter tops and stainless steel appliances, one and a half updated bathrooms, California walk-in closet and in-unit laundry. Full service building includes 24 hour concierge, rooftop pool, fitness center, roof top deck, bike storage and elevators. Steps from Whole Foods, CVS, Post Office, hardware store and more. Quick walk to Fenway Park, South End restaurants, Newbury Street and Boylston Street. Ample resident street parking with option for in building rented parking; walking distance to Green/Orange T line.
Open House
No scheduled Open Houses

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17 Sweetwater St, Saugus, MA 01906

Single-Family

$769,000
Price

10
Rooms
4
Beds
2/2
Full/Half Baths
Distinctive 2 yr young Col w/all the bells & whistles you could want! Located only minutes to Bellevue Golf Club, shopping & major routes! The architecture thru-out this home will WOW you! Serene wrap around Farmer's porch welcomes you as you enter into the spectacular living rm w/handsome built-in entertainment ctr w/gas fp. Open flr plan that inspires entertaining offers a dining rm leading to an unquestionably amazing kitchen w/SS applcs, plentiful cabinetry, gas stove w/vent hood, quartz countertops & breakfast bar. Absolutely gorgeous HW flrs grace this beautiful home including the 2nd & 3rd flrs. 4 gracious bdrms which includes a striking mstr ste w/an awe-inspiring walk-in closet like no other, recessed lights & magnificent mstr bth w/tiled shower & jacuzzi tub. The fnshd 3rd flr offers a remarkable custom movie theatre, built-ins, wet bar & bthrm. Fnshd LL is a perfect playrm or exercise area. Large beautifully landscaped yard w/firepit. A perfect home for the discerning buyer!
Open House
Sunday
December 10 at 12:30 PM to 2:30 PM
Cannot make the Open Houses?
Location: 17 Sweetwater St, Saugus, MA 01906    Get Directions

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25 Moseley Ave, Newburyport, MA 01950

Single-Family

$599,900
Price

8
Rooms
3
Beds
2
Baths
Beautifully renovated Cape located on a lovely corner lot in a desirable neighborhood in scenic Newburyport! Paver walkway, lush landscaping & lrg 2 car garage all add to the unbeatable curb appeal this home offers. Fabulous mudrm area off the garage leads to an updated kitchen w/brand new SS applcs, recessed lighting & granite countertops. The island/breakfast bar w/built-in cabinets which separates the kitchen from the dining rm will most certainly become the gathering spot for this lovely home. You'll be pleasantly surprised by the graciously sized formal living rm w/gas fplc, recessed lighting & charming built-ins. The first flr continues to offer delightful spaces including an office, 1st den or guest rm & full bth. The 2nd flr boasts a wonderful & sizeable master bdrm w/access to the 3/4 bth. Two additional bdrms also complete this lvl. Gleaming hdwd throughout plus a lrg, full basement w/great expansion possibilities! Oversized lot as well. Nothing to do but move-in!
Open House
Sunday
December 10 at 12:30 PM to 2:30 PM
Cannot make the Open Houses?
Location: 25 Moseley Ave, Newburyport, MA 01950    Get Directions

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