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i'm looking to buy a townhouse in hope valley farms. i have done quite a lot of research in the neighborhood and feel really like it. i want to find a roomate to share the townhome with me so that i don't need to pay the mortgage all that much myself. however, i read the regulations of hoa and found that seemingly rental is restricted. is there anyone living in this area and is currently a tenant? do you see any problem of doing this? i asked my agent, and she said as long as you don't put a big sign in front of your porch saying, it would be fine. i'm still a little concerned, and want to hear thoughts from people living there. thanks!
Thanks for replying. I'm concerned that the HOA will fine me or anything if I actually rent out my house. I checked in a few rent website and didn't find any ads about the neighborhoods... I'm not sure if there's any tenant living there or everyone is just homeowner.
I think as long as YOU live in the house with the roommate, the HOA won't mind. My best guess is that they are trying to guard the neighborhood from "absentee landlords" that rent out properties but don't keep them up.
Another option would be to just call up the HOA and ask. At worst they'll say "no", and you won't have any doubts about what is allowed and what isn't.
I think as long as YOU live in the house with the roommate, the HOA won't mind. My best guess is that they are trying to guard the neighborhood from "absentee landlords" that rent out properties but don't keep them up.
Another option would be to just call up the HOA and ask. At worst they'll say "no", and you won't have any doubts about what is allowed and what isn't.
Yes, this is what my first thought was, but due to the phrasing, I wasn't quite sure.
I think as long as YOU live in the house with the roommate, the HOA won't mind. My best guess is that they are trying to guard the neighborhood from "absentee landlords" that rent out properties but don't keep them up.
Another option would be to just call up the HOA and ask. At worst they'll say "no", and you won't have any doubts about what is allowed and what isn't.
I know others that rent in Hope Valley Farms. I agree with Picaflora!
"For Rent" SIGNS tend to make buyers nervous and therefore affects property values so the HOA may very well have a rule against the sign.
Vicki
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