Charleston Real Estate Transactions | South Carolina Homeowners Association

Homeowners Association Basics

Many residential real estate purchases, such as townhouses, condominiums, or houses, automatically entails membership to the community’s Homeowners Association. The Homeowners Association requires monthly fees from its members in exchange for neighborhood-wide amenities, such as the upkeep of pools, tennis courts, gym or a clubhouse. Homeowners Association fees could also cover elevator repairs for apartments or condos and roof repairs for townhouses. If a residential real estate property is under the authority of the Homeowners Association then these fees are unavoidable and failure to pay these fees could result in complicated legal matters, or even property loss.

Membership might also involve various housing codes that are also mandatory for residents and tenants. These regulations can range from matters of exterior paint colors to street-side parking to noise ordinances. Oftentimes violations to these rules is not intentional and due to a lack of understanding the changing rules. These policy violations can create further complication when individuals or families are attempting to resell their property; in some cases, an unauthorized back yard shed, unapproved solar panel installments or non-neutral paint colors could require added home expenses and delay the entire process of home resale.

Some community may have stricter rules than others as well so it is important to consult a real estate attorney before purchasing a new home in order to understand the implications of preexisting neighborhood codes. At the same time, it is important to understand that future neighborhoods have proper Homeowners Association involvement in order to ensure that their are legal boundaries in place to create a safe atmosphere for the community.
The homeowners associations can ultimately be a useful protective resource or a hindering source of a restrictive policies. The difference between these two alternatives ultimately rests on individual understanding and personal involvement. Contact on our Charleston real estate attorneys in order to stay up-to-date on the policies and guidelines of your residence and to better understand your role in the Homeowners Association.