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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
    • Beverly Hills
    • Beverly Park
    • Beverly Hills Flats
    • Bel Air
    • Brentwood
    • Birds Streets
    • Holmby Hills
    • Laurel Canyon
    • Malibu
    • Mount Olympus
    • Platinum Triangle
    • Pacific Palisades
    • Rolling Hills
    • Sunset Strip
    • Trousdale Estate
    • Wilshire Corridor
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    • Erik Brown
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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
        • Bel Air
        • Brentwood
        • Holmby Hills
        • Malibu
        • Trousdale Estate
        • Sunset Strip
        • Beverly Hills
        • Beverly Park
        • Beverly Hills Flats
        • Birds Streets
        • Wilshire Corridor
        • Laurel Canyon
        • Mount Olympus
        • Platinum Triangle
        • Pacific Palisades
        • Rolling Hills
  • COMPASS TOOLS
    • Bridge Loan
    • Coming Soon
    • Private Exclusive
    • Concierge
  • GIFTS
    • Home Buyers
    • Home Sellers
    • VIP
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    • Celebrity
    • Swag
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  • ABOUT
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  • CONTACT US
Beverly Hills Homeowner association

Should You Really Belong to A Beverly Hills Homeowner Association?

By

Erik Brown

Posted in Real estate, realtor, Written Blogs On October 14, 2022

Are you considering purchasing a home in a community that has a Beverly Hills homeowner association?
Before placing an offer, it might be worth understanding how these organizations operate. My
company comprises a range of Beverly Hills real estate agents who know a thing or two about
luxury realty and work towards your every home need. Thus, I’ve grabbed the advantages and
drawbacks of homeowner associations and placed them below for you to look at!

Beverly Hills Homeowner association

Table of Contents

  • Beverly Hills Homeowner association
  • The advantages
  • Maintain your home’s exterior
  • Manage communal areas
  • Mediate conflict between neighbors
  • The disadvantages
  • You will be charged monthly fees
  • There are repercussions for those defaulting on fees
  • Enforced rules and regulations
  • Make sure you are buying into the right community!

A homeowner association is a private association usually formed by a real estate developer or
in a building with various owner-occupancies. It typically has rules and regulations which
improve the community as a whole.

The advantages

Let’s look at the main benefits of living in an area with a homeowner association.

Maintain your home’s exterior

Some homeowner associations look after the exterior of their community’s homes. This could
include power washing, repairing siding, and roof maintenance. Thus, you could save
thousands of dollars from living in this type of community, which is particularly important in a
costly place such as Beverly Hills.

Picket Fences, Fence, Fencing, Neighbor

Manage communal areas

One big plus of having a home association is that they work hard to manage shared areas, including public pools, playgrounds, parks, landscaping, and community centers. This means you can enjoy these community spaces without worrying about their upkeep.

Mediate conflict between neighbors

Suppose you are considering living in one of the flats in Beverly Hills. Rather than risking tensions with your neighbor, contact your homeowner’s association about their violation of a rule. The association will take care of everything on your behalf!

The disadvantages

Now that we’ve explored why homeowner associations can work well, let’s consider why they may not be for you.

You will be charged monthly fees

Due to the association’s maintenance of communal areas and home exteriors, you must pay a monthly fee. The price depends on the amenities available, although you could expect an increase anytime. If you are a wealthy buyer wanting to live in the Beverly Hills area, these fees should be manageable, but they’re certainly something to be aware of.

Mortgage, House, Money, Finance, Banking

There are repercussions for those defaulting on fees

Defaulting on homeowner association fees might put you at risk for foreclosure. If the association cannot collect enough cash from residents in the community, this results in insufficient funds, meaning that properties cannot be adequately maintained. Therefore, the area’s condition and appearance may deteriorate, negatively affecting property values.

Enforced rules and regulations

You can expect to follow the rules on the appearance of your home if you are part of one of these associations. They can decide what type of windows you can install and even the color of your front door. Therefore, if this doesn’t seem appealing, you may want to consider other options. Luckily, my team of realtors can help.

Make sure you are buying into the right community!

Hi, I’m Erik Brown. As a Beverly Hills luxury real estate agent, I’ve helped many clients secure their dream homes in luxury communities. By being willing to build a trustworthy, professional relationship with any client, I hope to do the same with you.

Want to discover more about what neighborhood you’ll be investing in? Don’t hesitate to contact a member of my team today!

Related

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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

These are not products or services; these are lifestyle choices. You and I can stay at any hotel, drive any car, wear any shirt, or drink wine…
But we don’t want to. We want experiential luxury. And you know what? You deserve it.

Luxury living is a state of mind. If you’re like me, you expect the best, especially when you buy or sell a home in Beverly Hills.

If you are interested in buying or selling a home and appreciate… and deserve… a luxury real estate experience, then click here. Get an idea of the differences.

Enter your contact information below and let us know if you’d like a complimentary VIP package sent to you asap.

Erik Brown / DRE: 01958545
Compass
9454 Wilshire Blvd, Beverly Hills, CA 90212
Los Angeles real estate blog

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Equal Housing Opportunity In Beverly Hills Real Estate
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved

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