Centennial Colorado Neighborhoods And HOAs

Dated: 02/11/2014

Views: 1042

                 Buying a home in one of the many neighborhoods of Centennial, Colorado may mean buying into a covenant-controlled community.  If you are thinking of buying a home within a Homeowners Association, there are many things to consider.  Some of the things are the financial strength of the association, who governs and manages the association and how restrictive are the covenants.  

     Some homeowners associations have had difficult times collecting dues or did not plan for unexpected repairs to common areas, causing hardship.  When buying into an HOA be sure to ask for financial documents to help avoid an unwanted financial surprise, as the board tries to recover the deficit.
   

    Inquire to how the HOA is managed.  Some associations are professionally managed and others are non-professionally managed.  Many HOAs have an over seeing governing board comprised of members from the neighborhood.  They also have boards that enforce restrictive covenants, for example an architectural control committee.  Ask how your HOA is managed and by whom. 
     
  Some HOAs are very strict and allow very little to be done around the outside of the home.   Some even restricting the colors to paint a house, the types of shrubs, and roofing materials.  All of these considerations should be addressed before purchasing your home.  Be sure to get copies for all items pertaining to the neighborhood (HOA) your thinking of buying in and read them thoroughly.   Your Realtor can assist you with getting the documents you need.
     
  Here are some links to research your HOA.
    
   http://cencon.ne , Centennials Community Registrar.
          http://cdn.colorado.gov/cs/Satellite/DORA-DRE/CBON/DORA/1251623736434  State of Colorado Dora  
Centennial CO Real Estate  Steve Dunbar working in Walnut Hills, Palos Verdes, Homestead and Heritage Place.  Assisting buyers and sellers in making the right choices. Steve Dunbar   Exit Realty DTC Englewood, CO 80112 303-246-0377  
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Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

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