The HOA Will Have Its Way!

There are many factors to consider when purchasing a home besides the size and location. When considering the purchase of a home which is governed by a Home Owners Association, you need to confirm the CC&R's or Covenants, Conditions and Restrictions allow you the flexibility to live and enjoy the lifestyle you want. Every HOA has different guidelines and restrictions; some are much stricter than others.

While many enjoy the benefits a Home Owner Association provides in the development and continuity of the neighborhood, there are others who refuse to live in such a neighborhood. Some of the more common restrictions Indianapolis home buyers should be aware of are:

* Fences - Some neighborhoods do not allow fences at all, while most have definate guidelines in place for the style, heighth and placement of fences. Many Associations also do not allow the drainage area around the property line to be fenced. Confining limits of children and pets at home can be difficult without a fence.

* Parking - The ability to park large vehicles, boats and travel trailers is prohibited in many neighborhoods governed by an HOA. The cost of storage for these vehicles should be considered. There is generally no parking allowed on the street.

* Plants - Maintenance free communities are popular in Indianapolis. Since these communities take care of the lawn and trees, they have a limit to the amount of space and location of additional plants. If gardening is your hobby, make sure you have enough space to plant.

* Size - Custom Home communities have a minimum square foot requirement for homes. Make sure your building plans match the guidelines before purchasing your lot.

* Sheds and Pole Barns - Don't settle for that two car garage thinking you can erect a utility shed or pole barn before you check out the CC&R's. Many developments do not allow or severly restrict the guidelines for out buildings.

* Exterior Constrution and Color - Most custom home neighborhoods have guidelines for the use of brick on the exterior of the home, which can increase the cost of construction. Other neighborhoods limit the color of exterior paint.

Our Indiana real estate contract allows a review of the HOA documents within a determined time frame. It is important to review the documents thoroughly for guidelines which are important to you. Once you sign, the HOA will have it's way!

Here s what Realtors around the country have to say about HOA s: