Homeowners associations, or HOAs, are organizations (typically incorporated) within a subdivision, planned community, or condominium complex that create and enforce covenants, conditions, and restrictions (also known as CC&Rs). So, anyone that purchases a home within one of these communities automatically becomes a member of the association. Typically, owners pay monthly dues, although some HOAs have quarterly or annual dues.
- Officers: Residents become officers and operate the HOA as the board of directors. But they may hire an HOA management company to handle the day-to-day activities. These can include things like pool maintenance and common area landscaping. They can also include exterior upkeep, roofing, and other common interest items. In a condominium complex, these may include receiving packages and posts, doorpersons, valet parking, and lobby custodians.
- Rules: The CC&Rs that the HOA members vote in or agree to guide the association’s decisions for all sorts of items. And, in a single-family home neighborhood, these could include deciding which colors you may paint your home, how tall your lawn can be, or when and where you may set out your trash bins. Violations of the CC&Rs often include financial penalties and if so written in the HOA documents, can include litigations.
- Dues: Dues typically are based on the costs to the association. These cover expenses for the association’s obligations. One typical expense is insurance. If you’re in a condominium, the building itself is covered by the association’s insurance. In a neighborhood-type association, the insurance would cover liability over common areas. If there is a catastrophic event that is not covered by insurance, the association may assess additional funds to cover repairs or required upgrades.
Does Morgantown Have HOAs?
Many communities within Morgantown operate under HOA guidance. You can find a list of Morgantown communities with homeowners associations here. And, if you are interested in a home within a homeowners association, let me know. I’ll help you determine if the costs and conditions work for you.
Are There Morgantown Homes without HOAs?
Yes! Many homes in Morgantown are in areas that pre-date or remain outside of any homeowners associations. But, these homes don’t stay on the market long. So if you want a home where you do not pay any HOA dues, snap it up when you see it.
Here are the homes for sale in Morgantown with no HOA right now. Check them out. Then, contact us right away to grab it while it’s available.
Listed below are the homes in Morgantown that do not have homeowners associations or dues.