HOAs and Lofts, you get your money's worth!

Dear Reader and Loft Buyers,

Do you know what HOAs are.... and how HOAs and Lofts are tied together? I'm here to explain. HOAs are an acronym for Home Owners' Association and there is usually a monthly fee associated with where you live. It isn't a tax, although it might feel like one, but they are really a maintenance fee paid monthly to an association to manage the property. They are collected and kept for ongoing expenses, like a door man, or electricity of common areas like entryways or hallways, or they can be for larger expenses like painting the building or maintaining sidewalks and garages, they even pay for the buildings fire insurance policy. At first blush, they may seem like an unbearable expense, but if you compare it side by side to what you would pay to live in and maintain a detached, single family home. They are about the same. I own a home in Sacramento's Land Park neighborhood, it is a gorgeous older home but I easily spent close to $400.00 per month for garden maintenance, home repairs - including dry rot, concrete replacement, and hazard insurance.
So in reality, you are probably not spending any more money on HOAs for lofts than you would on any other property, you just need to start looking at them differently.
Every loft HOA is a little different, I can help you negotiate a contract to purchase a loft and make sure that you know exactly what you are getting your self on the hook for.
Call me today to make an appointment to tour Sacramento Lofts. I'm your local expert on HOAs and Lofts.
Sandra DeAmicis
916.752.8765
listwithsandra.com
sdeamicis@golyon.com