I’m not to familiar with the concept of HOA’s. Are they really necessary? What do they really do? Can you take them to court?Why is there a fee when selling the house?
Good questions. An HOA (homeowners association) helps protect your property value by maintaining the rules and the bylaws for a community. For example, an HOA’s helps prevent someone from parking a busted old car in the yard or turning a house into a mechanics shop. They also maintain community areas like pools, tennis courts, common areas and more. They are very helpful in Houston as we don’t have any zoning laws, although you often get HOA board members with ego trips. :/ Most neighborhood fees in Houston range from $500-1200 annually but the larger master planned communities will often have additional fees when you buy or sell in the neighborhood (capitalization fees, community enhancement fees or foundation fees). The foundation fees can range from 1/4 of 1% to 1/2 of 1% of the sales price of your home. You can take them to court but the fees are already set by the neighborhood when you purchase and you agree to abide by the rules and bylaws when you buy a home there. There are other areas around Houston that are not in an HOA but it’s very common to be in one, especially in the suburbs.
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Great Video!
Not unless you enjoy traffic! 290 is the worst highway to live. TexDot just expanded 290 and the traffic is still horrible.
Bridgeland is cool how many trails are there
There are tons of trails. Check out the map on the Bridgeland website: www.bridgeland.com/things-to-do/trails/
I’m not to familiar with the concept of HOA’s. Are they really necessary? What do they really do? Can you take them to court?Why is there a fee when selling the house?
Good questions. An HOA (homeowners association) helps protect your property value by maintaining the rules and the bylaws for a community. For example, an HOA’s helps prevent someone from parking a busted old car in the yard or turning a house into a mechanics shop. They also maintain community areas like pools, tennis courts, common areas and more. They are very helpful in Houston as we don’t have any zoning laws, although you often get HOA board members with ego trips. :/ Most neighborhood fees in Houston range from $500-1200 annually but the larger master planned communities will often have additional fees when you buy or sell in the neighborhood (capitalization fees, community enhancement fees or foundation fees). The foundation fees can range from 1/4 of 1% to 1/2 of 1% of the sales price of your home.
You can take them to court but the fees are already set by the neighborhood when you purchase and you agree to abide by the rules and bylaws when you buy a home there.
There are other areas around Houston that are not in an HOA but it’s very common to be in one, especially in the suburbs.
@@YourHoustonMove thanks for the detailed explanation.
You’re welcome!
dude share home cost!
Thank you for the feedback. I'll be sure to do that in future videos. :)
@@YourHoustonMove Thank you!