Does An HOA Add Value When You Sell Your Home?

Houae No HOA Blog

 

I drove by the home at the right a few months ago and it jogged my memory about a situation I encountered last year. I was showing homes to a first time buyer couple. They told me they preferred homes where there was no homeowner’s association.  Since they were moving from a small apartment and would be spending money to furnish their new home they preferred not having the additional expense of HOA fees.

House Cape Cod Blog

I drove up to a little Cape Cod with dormers, picket fence with roses, fireplace and an American flag. The interior was quaint with lots of cute nooks and crannies plus a built-in corner hutch in the dining room.  I knew they had fallen in love with it – they were holding hands as they took the tour

Once outside I noticed the homes in the immediate area were in good condition and well cared for.  However, I knew there are homes throughout the subdivision that do not show as well – it doesn’t have an HOA

They asked to tour the neighborhood to “get a feel” for it. Of course, they commented on the  “cosmetically and physically challenged” homes a few blocks away.

After all

  • The lack of an HOA set up the conditions for derelict houses in the subdivision
  • one of the neat houses within eyesight of the home they were interested in could go “rogue”

There are many reasons people may prefer  a home without an HOA.  However, these were first time buyers with no experience.  They were looking to me for direction. What direction would you have recommended?

We knew we could not write a contract on the cape cod as there was a problem with the husband’s VA eligibility due to a break in service. Time resolved that problem and we are now looking at homes that have an HOA

House with Junky Front
My husband and I have assisted many first time buyers during the 35 years we have been in the business.  We will counsel them thoroughly on the pros and cons of purchasing a home where there is no architectural or use control provided by a homeowner’s association.  It is the type of counseling we would want a REALTOR® to give our first time buyer children if we were out of the area and unable to counsel them in the decision.

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The Kruschkas are long-term Prince William County residents with more than 30 years experience as real estate professionals serving Woodbridge, Manassas, Dumfries, Manassas Park, Bristow, Brentsville, Gainesville and Haymarket

Our Experience Isn’t Expensive – It’s PRICELESS

If you plan to buy or sell a home or property contact Karen and Art by Email or call us at 703-499-9279. Put our record of customer service, real estate experience and state-of-the-art technology to work for you

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