What should a homeowner know about a declaration in an association? – Perez Mayoral

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Transcript:

00:00:04: So if you’re living in an HOA the most important thing you should know is that to do most things you’re probably going to need some sort of approval in the association so any alteration you want to make to your home that is maybe you know outside of it or related to the exterior wall or the roof or the backyard or your balcony you’re probably going to need some sort of lay of approval from the association so it’s important to note that if you’re going to live in an association make sure to read the Declaration so you know what.

00:00:39: You would need to ask permission for as it relates to living inside of the community another thing to note is Association maintenance is not cheap often times associations have several vendors that they need to pay to maintain the association things like Landscaping elevator maintenance roof maintenance things of that nature all of those are Enders that need to be paid on a routine basis so the homeowners pay for that through their monthly maintenance it’s important to note that depending on how much work needs to be.

00:01:10: Done year over-year the budget may increase and ultimately your monthly maintenance may increase so that’s another important thing to know an association has a lot of different ways it could go and oftentimes as time goes by uh there’s more maintenance that needs to be done so the expenses of an associationation as a homeowner may continue to increase over time