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Frisco TX HOA Information
Most subdivisions in Frisco TX are under the management of Home Owners Associations (HOAs). These HOAs can be managed by professional HOA Management Companies or made up of elected homeowners of the particular subdivision. Whether or not to live in a development governed by CC&R’s and an HOA is an individual choice.
HOA Facts and Information
Ten Things You Need to Know About HOAs
Prospective home buyers should:
• Read any CC&R’s recorded against the home and make sure you can live with the conditions and restrictions contained in the document prior to close of escrow.
• Find out what the current dues are. Once you buy the home, you can’t decline to pay the dues.
• Find out how often the dues have been raised during the history of the HOA. Find out if the HOA has cash reserves.
• Determine if there are term limits for the Board, and if Board members have attended training sessions in efficient HOA management.
• Determine if there is litigation pending involving the HOA.
We at Alex Lowery Real Estate welcome your help keeping this list up to date. We also would like to hear from you concerning any HOA related issues you feel may need to brought to the public’s attention. We encourage to let us now about HOA abuse as well as when an HOA goes beyond the call of duty to do something good for your neighborhood.
