RE/MAX Journey



Posted by RE/MAX Journey on 12/10/2019


 Photo by Bryan Clayton via Pixabay

If you buy a townhouse or condo, you’ll find that you’re more than likely a member of a Homeowners Association, or HOA. What that means, in a nutshell, is that you, along with everyone else in your community, own the exterior of the buildings and the common areas. If your roof fails, it’s everyone’s problem, and if someone else’s roof fails, it’s your problem too. Sometimes a development of detached houses have an HOA as well.

Here are some of the advantages and drawbacks.

Pros of HOAs

  • There’s less work done by you and more hired by the association. You don’t have to own a lawnmower. Exterior building maintenance, landscaping and gardening all happen while you are off at work, relaxing indoors or enjoying the pool.

  • You may have amenities you couldn’t afford as an individual homeowner, such as a swimming pool, a clubhouse and workout facilities. Some HOAs even sponsor social events and hobby clubs.

  • HOAs have rules that keep up appearances. You don’t have to worry about your neighbors letting their weeds grow or keeping junk cars by the curb.

  • Most insurance costs – building exteriors and common areas -- are borne by the association. You need to insure only for the interior of your unit. In addition, garbage removal, cable TV and some utilities may be covered by the HOA, which might negotiate a better rate.

Cons of HOAs

  • Somebody has to pay for the amenities and for the upkeep work you’re not doing, and that somebody is you. Payment comes in the form of HOA fees, usually due monthly or quarterly. Fees are set by the association board and can be raised at any time. If there is an unplanned expense, the board can make an assessment. If you don’t pay your fees and assessments, you are subject to all kinds of penalties up to and including foreclosure.

  • HOAs have rules. A lot of them: the color of your exterior, where you park, the number and size of your pets, outside antennas, the color of your curtains and what you can put on your balcony may all be subject to regulations. Home businesses can be disallowed. Motorcycles and trucks with logos may be forbidden. Many have restrictions on how often you can sublet and who you can rent to.

  • Like your state or country, the association is governed by elected representatives, and the board can govern well or poorly. If you don’t like what they’re doing, your recourse is to elect someone else or run for the board yourself. Managing an individual home is difficult, and managing a community of homes raises even more issues.

Should I Buy a Home with an HOA?

Know what you’re getting into before you sign the purchase agreement. Understand the fees and assessment. Get a look at the revenue and expenses. In particular, see if the reserve fund is adequate. Roofs eventually need replacement and swimming pools need refurbishing, and if there’s no money being set aside, one day there’ll be a massive assessment.

In general, an HOA means you have less work but less individual control. If you’re comfortable with that, an association can be right for you.




Tags: Home Repair   Properties   hoa  
Categories: Uncategorized  


Posted by RE/MAX Journey on 12/3/2019

This Condo in Clinton, MA recently sold for $175,000. This Garden style home was sold by - RE/MAX Journey.


40 Nashua St, Clinton, MA 01510

Condo

$172,000
Price
$175,000
Sale Price

5
Rooms
2
Beds
1
Baths
Enjoy WATERFRONT condo living at a very affordable price point! This 2 bedroom condo features unobstructed and beautiful scenic water views of Lancaster Mill Pond! Swim, fish kayak and canoe just steps from your front door! This freshly painted unit is positioned on the top level and offers a spacious eat in kitchen with granite counters, leading to an open and inviting living and dining area. Updated and tiled full bath. Water views from the private front deck, and a bonus back deck overlooking the large backyard. Convenient in-unit laundry. Deeded extra storage space. Deeded parking with plenty of guest parking, and well-maintained grounds. Centrally located to most major routes, this is an excellent alternative to renting!

Similar Properties





Tags: Real Estate   Clinton   01510   condo  
Categories: Sold Homes  


Posted by RE/MAX Journey on 12/3/2019


546-556 Main St, Clinton, MA 01510

Commercial

$4,000
Price

1
Buildings
Land
Type of Comm.
26,035.00
Lot Size
Land Lease available at a Red Light on Main Street in Clinton. (Rte 110). Town Water & Sewer. Perfect place for you to construct your building and have your business here. 26,035 Sq Ft of land. Land lease is $4,000 per month NNN
Open House
No scheduled Open Houses






Tags: Real Estate   Commercial   Clinton   01510  
Categories: New Homes  


Posted by RE/MAX Journey on 12/3/2019

If you plan to purchase a house soon, you may want to narrow your home search. In fact, there are many reasons why you should hone your house search, and these include:

1. You can seamlessly navigate the homebuying journey.

The homebuying journey may seem tough to navigate, regardless of whether you're a first-time or experienced property buyer. Thankfully, narrowing a home search enables you to speed up the process of going from homebuyer to homeowner.

Ultimately, a refined home search allows you to focus exclusively on residences in your preferred cities and towns. This will make it simple for you to find houses that fall within your price range, set up home showings to view these residences and proceed accordingly.

It also may be beneficial to craft a list of home must-haves and wants before you conduct a house search. With homebuying criteria at your disposal, you can further accelerate the homebuying journey.

2. You can act quickly to acquire your dream house.

As a homebuyer, you must be ready to pounce at the opportunity to purchase your dream house. Because if you hesitate during the homebuying journey, you may miss out on the chance to buy your ideal residence.

If you narrow your home search, you may be better equipped than other homebuyers to act quickly to submit an offer to purchase a great house at an affordable price. And if your offer to purchase is accepted, you then can move one step closer to acquiring your dream home.

3. You can avoid wasting time and resources.

When it comes to finding a home, it generally is a good idea to plan ahead as much as possible. That way, you can avoid the risk of wasting time and resources throughout the homebuying journey.

With a refined home search, you can increase the likelihood of maximizing your time and resources. A refined home search ensures you can focus solely on residences that you are sure to enjoy and avoid houses that are unlikely to match your expectations. Then, you can find your ideal home and transform your homeownership dream into a reality.

As you get ready to start a house search, you may want to collaborate with a real estate agent. By hiring a real estate agent, you can receive plenty of support as you evaluate residences.

A real estate agent understands what it takes to find a house in any city or town. He or she will learn about you and your homebuying goals and offer personalized home search tips. Plus, a real estate agent will set up home showings and keep you up to date about open house events. Perhaps most important, a real estate agent will respond to your homebuying concerns and questions and ensure you can make informed decisions at each stage of the homebuying journey.

Take the guesswork out of finding the right house at the right price Ė hire a real estate agent, and you can receive expert assistance as you search for your ideal residence.





Posted by RE/MAX Journey on 11/26/2019

Image by ?? ? from Pixabay

One of the great benefits of having a home of your own is being able to host friends and family. If itís your first time living in a house thatís big enough for more than just you, youíll want to make sure you plan out the best way to keep people comfortable before they actually arrive. There are comfort items you can wait to stock up on closer to when folks are actually staying with you, but there are other aspects of hosting that youíll want to determine in advance. 

Sleeping space. 

You may be fortunate enough to have an extra bedroom in your home that can simply be a guestroom. If so, great! When furnishing your guest room, youíll want to design it to have the aesthetics you like, but also functionality for as many hosting situations as possible. When selecting furniture search for something versatile. A queen bed with a pull-out trundle is ideal. This bed allows you to host up to three people in the same room. If there isnít much space in the room, try a bed with pull-out drawers where you can store extra linens and blankets, or where your guests can store their belongings.

If you donít have a guest room, think about ways you can make other rooms in your home useful for guests. If you have a home office, you might be able to introduce a couch that doubles as a futon. You can find great daybeds, often with trundle options, that will work as a nice nap space on a regular basis, but that can serve guests when needed. If youíre using your living room or den as a sleeping space for visitors, invest in a durable sofa bed. You may also consider adding fold-out cots or rollup foam mattresses that are easy to store in closets. If you have kids that frequently have friends or cousins over have a couple extra sleeping bags handy so you can make additional sleeping space in your kidís rooms. 

Linens and toiletries. 

Second to comfortable sleeping areas, you will want to have plenty of linens and extra toiletries handy for your guests. Have enough towels and bedding on hand for at least the number of people you may commonly have over. When friends and family come to stay, at least one person always forgets some of the basics. A great host will have extra toothbrushes, toothpaste, deodorant (go for travel size!) and soaps available to help someone out in a pinch. 

Hosting is so much fun, but being unprepared can add unwanted stress when youíre trying to enjoy time with those you love. Take a few steps to prepare for your guests in advance, so all you have to do when the time comes is worry about food and fun!




Categories: Uncategorized