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Old 02-21-2011, 09:24 AM
 
Location: Las Vegas
270 posts, read 263,101 times
Reputation: 209
Default HOA comparison list?

Anyone know of a website I can visit that provides a listing or comparison of the HOA rates of homes in the Summerlin area?
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Old 02-22-2011, 03:37 PM
 
Location: Las Vegas
7,859 posts, read 13,741,117 times
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I don't think there is such a thing. And there's more to it than just dollars and cents. Some HOA's are very restrictive and have almost draconian regulations. There are HOA's who even have their own traffic enforcement. In the long run, those regulations could affect your quality of life more than a few dollars every month.

Then there's also those LIDS and SIDS where you pay for things like roads and sidewalks. That can be a real hunk of change too.

There's a lot more you need to know than just the monthly fees. Do a lot of research and KNOW the HOA rules before you make an offer. That means you actually need to read and understand them! Don't be one of those people who are unhappy 6 months down the road when they find out all the houses have to be the same color or have the same kinds of plants in the front yard. Or they aren't allowed to leave the garage door open or work on a car in the driveway.

Some folks love the HOA's and others hate them. It's all personal preference.
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Old 02-22-2011, 04:56 PM
 
Location: Las Vegas
270 posts, read 263,101 times
Reputation: 209
Ah, I see. Thank you. I'm trying to get a handle on the range of HOA fees and rules before I narrow down my home search. I guess that is not possible----strange. How do people shop around for homes without knowing what the HOA details will be for a property? Seems odd that there is no way to research them as part of preliminary home research. Coming from NJ I've just never dealt with anything like this. The closest I've experienced are monthly maintenance fees for condo living, but they are super easy to find in list form online. I guess LV HOA's are a different thing altogether. I think I'll get in touch with a realtor at this stage and see if that person can help give me some idea of the range. For instance, is it typical to pay $100 a month or $500 a month? There is a serious need to know that kind of info. before narrowing down a home search.
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Old 02-22-2011, 05:38 PM
 
Location: Henderson, NV
1,950 posts, read 908,351 times
Reputation: 25335
Quote:
Originally Posted by cecnj View Post
I think I'll get in touch with a realtor at this stage and see if that person can help give me some idea of the range. For instance, is it typical to pay $100 a month or $500 a month? There is a serious need to know that kind of info. before narrowing down a home search.
Yes, find yourself a realtor. He/she will be able to respond to those questions. I live in a single family home and my HOA fees are $75 a month. I also looked at some condos out in Lake Las Vegas and the HOA fees were in the $400-800 a month range. And a friend who is househunting right now is finding SIDS/LIDS in the $20K range for some of the houses he's looking at. So getting a realtor to help you is the way to go!
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Old 02-22-2011, 07:03 PM
 
Location: Las Vegas
7,859 posts, read 13,741,117 times
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Back when I was househunting online, I would go through all the listings in a certain area and I would always note HOA or not, and the amount. I knew if a home had a HOA before I looked. I also checked to see if SIDS or LIDS were mentioned in the listing. If I liked the home enough to make an offer, I would read the HOA rules and CCRS. I would also try to meet some of the neighbors and ask their opinion of the HOA. I drove around the neighborhood several times at different hours just to see what was going on.

Also, what does the HOA give you for your money? Are there community amenities and are they well maintained? Are they something you would use?

I'm a bit of a rebel and HOA's weren't for me. And that's a good thing. It's been slow going on my xeriscape in the front yard and I would have been fined out the wazoo if I had a HOA.
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Old 03-07-2011, 07:07 AM
 
Location: Las Vegas
270 posts, read 263,101 times
Reputation: 209
Quote:
Originally Posted by KiwiKate View Post
Yes, find yourself a realtor. He/she will be able to respond to those questions. I live in a single family home and my HOA fees are $75 a month. I also looked at some condos out in Lake Las Vegas and the HOA fees were in the $400-800 a month range. And a friend who is househunting right now is finding SIDS/LIDS in the $20K range for some of the houses he's looking at. So getting a realtor to help you is the way to go!
What do you mean HOA fees "in the 20k range"? Is that 20k per year? Everyone advises that I do research, but honestly, no one has been able to provide a comparison list and the three realtors I've interviewed tell me I can only learn about specific HOA fees when I bid on a specific property. Why would anyone buy in Vegas without knowing this information???
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Old 03-07-2011, 07:32 AM
 
Location: Las Vegas
270 posts, read 263,101 times
Reputation: 209
Thank you Henderson Sam!

Quote:
Originally Posted by samn3s View Post
CECNJ?

A great new website where you can possibly find out problems about certain Communities in the Las Vegas area you might want to avoid? Especially if the particular Community you are considering is in the "HOA HALL OF SHAME" !?

This website, titled: "The HOA Advocate" - "An Advocate FOR Homeowners" ----is working hard to help change Nevada's NRS116 Laws to make them less in favor of Management Companies, Collection Agencies and HOA Lawyers and make those laws more: "Homeowner Friendly"!

Easy to find.......just remember: HOA1234.com

Click Here!

And Happy House Hunting!

..............Sam in Henderson, Nevada
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Old 03-07-2011, 07:41 AM
 
Location: North Las Vegas - Aliante
1,393 posts, read 1,917,887 times
Reputation: 1030
Quote:
Originally Posted by cecnj View Post
What do you mean HOA fees "in the 20k range"? Is that 20k per year? Everyone advises that I do research, but honestly, no one has been able to provide a comparison list and the three realtors I've interviewed tell me I can only learn about specific HOA fees when I bid on a specific property. Why would anyone buy in Vegas without knowing this information???
$20k in sids/lids. This means the developer built the roads and common property with a loan from the government and then passed it on to the homeowners. It is above and beyond hoa fees, gets charged semi-annually and stays with the house until paid off.
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Old 03-07-2011, 07:49 AM
 
Location: North Las Vegas - Aliante
1,393 posts, read 1,917,887 times
Reputation: 1030
Feel free to waste time where you please, but know that hoa1234.com is an abomination. A simple google search yields more relevant information and won't make you want to gouge your eyes out of your head.
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Old 03-07-2011, 09:17 AM
 
Location: Las Vegas
270 posts, read 263,101 times
Reputation: 209
Quote:
Originally Posted by Danknee View Post
$20k in sids/lids. This means the developer built the roads and common property with a loan from the government and then passed it on to the homeowners. It is above and beyond hoa fees, gets charged semi-annually and stays with the house until paid off.

Got it...thanks for clarifying. Certainly something we need to know while looking at homes!
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