Residential Subdivisions and Planned Communities in the Mooresville and Lake Norman North Carolina-First in a Q&A Series

Because many people moving from other areas of the country do not have the abundance of planned communities and subdivisions that we have here in the Lake Norman and Mooresville NC area we are taking the opportunity to begin a series on  subdivisions so that home buyers can explore the choice or "subdivision living or not?".  As this area of North Carolina becomes increasingly more urban many transplants are purchasing homes in subdivisions that are usually governed bu a Homeowners Association. The HOA is responsible for both enforcing the "restrictive covenants" of the community and for maintaining the common areas in the development. A large number of home buyers choose a property within a subdivision because they believe the covenants will help to protect property values by enforcing consistency in the neighborhood. Restrictive covenants may address everything form whether single or multi-housing is permitted in the community to the type, size and color of construction.

Question : What is a Homeowners Association?

An "HOA" is an association of owners in a community or subdivision whose properties are subject to the Covenants and Restrictions limiting their use. the association is usually responsible for the maintenance and control of the common areas in the development and the enforcement of the restrictive covenants.

Generally, the restrictions are meant to maintain certain standards in the community such as parking RVs and Boats in driveways, using an outdoor clothes line, landscaping, placement of trash containers and creating additional structures on the property. As you can easily see, it is imperative that you read the restrictions of the community PRIOR to entering into and Offer To Purchase on a property. Make sure that you agree that the restrictions will be rules that you can live with on a daily basis. Do not think "oh, I'll get around that rule once I live there." that probably Will not happen & you may either have to just abide by the rule or even sell your home if it is something that is a major issue to you.

If you have any questions regarding subdivisions in the Mooresville or Lake Norman North Carolina area just give me a call @ 704-363-6946 . Or just visit the Mooresville Lake Norman NC Real Estate information center!