Cove Real Estate



Posted by Cove Real Estate on 8/31/2018

While they have become ubiquitous with the emergence of suburban neighborhoods and townhouses, homeowners associations (HOA, for short) are a relatively new phenomenon.

In modern America, there are many ways to live: apartments, condominiums, houses, townhouses, and now even “tiny houses” are gaining traction. But it wasn’t until the late 1900s that property owners began to experiment with alternative ways of living that revolved around share, “common spaces.”

What constitutes a common area?

Whether you live in an apartment, a house, or in your RV you likely experience common areas every day that are owned by the government. Roads, bridges, and parks are all common areas in that they are used by multiple people and their upkeep is paid for with taxes.

If you take that analogy and apply it to the greenways and lobbies of a condominium, or the streets and sidewalks of a gated community, there are few differences.

What is a homeowners association?

When a developer plans a new community they will often create a homeowners association that will be managed by the people who move into the houses or condominiums. Once a certain number of people have moved into the development and joined the HOA the developer will typically hand over ownership to the HOA and relinquish their legal rights and responsibilities of the land. From there, the HOA typically has complete control over management. Though it should be noted that states have their own HOA related laws with varying levels of oversight.

What does an HOA do?

The most common thing we associate with HOAs is fees and rules. People who move into a community governed by a homeowners association are typically required to join the HOA and are therefore obligated to pay fees and adhere to the guidelines set down by the HOA board.

The fees you pay will go towards maintenance and development of the common areas of your community. That usually amounts to landscaping, maintaining pools and fitness complexes. Fees can range from anywhere between $200 and $450 per month depending on where you live.

HOAs also enforce regulations that homeowners must follow. These vary depending on the community but often include building restrictions for things like fences and additions, as well as other ways that homeowners can customize their homes such as paint and vinyl color. Some homeowners associations go so far as to regulate whether or not a homeowner may fly the flag on their favorite sports team over their door.

Advantages and disadvantages

So what are the advantages and disadvantages you can expect when you belong to a homeowners association? Let’s start with the clear disadvantages. If you are a tinkerer or someone who relishes the freedom to do what they want with their property, living in an HOA-run community might not be right for you. If your salary isn’t quite what you’d like it to be, the cost of living in an HOA neighborhood, along with the monthly fees, might be a bit more than you’re comfortable with.

What about the advantages? First, you can expect that the neighborhood will be well-maintained. This brings about another advantage in that you can expect your property value to grow or at least remain stable thanks to the quality of the neighborhood being carefully managed.





Posted by Cove Real Estate on 7/13/2018

When you buy a home, you may wonder what the benefits of having your own realtor to represent you are. If you’re a first-time homebuyer, you probably will have a lot of questions. If you’re a second-time homebuyer you may still have a lot of questions! Buying a home can be a long, tedious process. It’s very helpful to know that you have a knowledgable realtor by your side to represent you and help you through the home buying process. If you’re looking to buy a home in a tough market, hiring your own realtor to represent you as a buyer is especially important. 


First, you should consider interviewing some prospective buyers agents in your area. Maybe you can get recommendations from friends and family as well. Learn what you can expect from a top realtor who will represent you as a buyer. 


Honesty Is The Best Policy


Your agent should be completely honest with you. While they can’t tell you what you personally want in a home, they should give you every last disclosure. No agent should put a home value or their own commission above their clients. This means that there’s strict documentation that realtors must follow including a code of ethics and standards for practice. A realtor must uphold these promises.  


Judging honesty in a realtor can be difficult. An honest real estate agent will help you through the home search process, for example. This is a good place to start. If the realtor points out some of the potential issues that you may have as a buyer in a home, you can see that honesty is one of their main policies.


Good Communicator


A realtor should be in frequent communication with you. Even if your home search isn’t active, they will check in, and see where you’re at in the process and if your needs have changed. 

Your realtor should alert you if offers have been made on properties that you’re interested in as well. Your buyer’s agent should reply to texts, e-mails, or calls within a short time frame of receiving them. Having a realtor that’s on top of things for you is important when it comes to buying a home since, without their help and information, the perfect home could slip through the cracks for you.                  


Knowledge Of Rules, Regulations, And Best Practices


Your buyer’s agent should have extensive knowledge of the real estate rules and regulations that are within your state. Each state has different practices when it comes to buying a home. Hiring a buyer’s agent is especially helpful if you are unfamiliar with a state or city. Your agent will be well-informed on all of your responsibilities as a buyer, as well as how and when you should complete these tasks and signings throughout the entire home buying process.





Posted by Cove Real Estate on 6/29/2018

If you’re thinking about buying your first home, it’s good to be close to a city that has all of the amenities and characteristics that you want out of life. However, recent economic growth and an increasing wealth divide has made some cities and their suburbs expensive and overcrowded.

Fortunately, there are several cities and metropolitan areas across the U.S. that are currently experiencing both job growth and a cultural rejuvenation. In this article, we’ll cover the top 10 up and coming cities to move to.

 1. Colorado Springs, CO

An hour drive from Denver and two hours to the mountains, Colorado Springs is a rising alternative to the Denver Metropolitan area. It is home to several high ranking colleges and the unemployment rate is low. Best of all, Colorado Springs is a highly affordable place to live.

2. Portland, ME

Portland is a small coastal city but is packed with restaurants and the arts. It’s proximity to the ocean and affordability make Portland a great place to move to. There’s also a thriving do-it-yourself scene, an emphasis on green living and repurposing old infrastructure.

3. Indianapolis, IN

Indianapolis combines affordable living with in-demand amenities like shopping, professional sports teams, and highly sought colleges. It’s also home to the biggest sporting event in the country, the Indianapolis 500 auto race.

4. Nashville, TN

Nashville and its surrounding suburbs are experiencing growth and demand for their rich musical culture and history as well as their affordability and short commute times. Residents of Nashville often rank it as being a great place to live, and if you trust anyone it should be the people who are there 365 days a year.

5. Grand Rapids, MI

Grand Rapids has the industry and infrastructure of a large metropolitan area but maintains the affable nature of a small, midwestern town. Grand Rapids is known for its large public waterway on the Grand River as well as its close proximity to Lake Michigan.

6. Houston, TX

Just an hour’s drive to great beaches on the Gulf of Mexico, Houston boasts a beautiful skyline and a rich cultural heritage, especially when it comes to food. Houston is also the home to several national companies and homes in the area are relatively affordable since Houston wasn’t largely affected by the housing crisis.

7. Raleigh, NC

The Raleigh metropolitan area is home to several competitive research universities and the population is booming with nearly 80 people migrating to Raleigh each day. Affordable housing and a stable but increasing job market make the Raleigh metropolitan area a highly desirable place to live.

8. San Jose, CA

Silicon Valley shows no signs of slowing as major companies like Google, Apple, and Facebook, continue to expand. One problem residents of the area will face is growing real estate prices and a shortage of housing, but living in both a technological and a natural paradise might be worth it for the right people.

9. Sarasota, FL

Beautiful beaches and year-round warm weather attract retirees to Florida each year. But Sarasota also offers a large and growing job market in healthcare, tourism, and hospitality.

10. Salt Lake City, UT

Salt Lake City is within driving distance of several national parks, holds close proximity to mountains, and is nearby Utah’s Great Salt Lake, the largest salt lake in the Western Hemisphere. Salt Lake City has a growing job market, a low unemployment rate (2.8%), and low average commute times.




Tags: Real estate   moving   cities  
Categories: Real estate   moving   cities  


Posted by Cove Real Estate on 10/6/2017

The last thing you want to admit is that your home has become a place of contention. When you recall that amazing day when you first cuddled your newborn child lovingly in your arms, it may startle you that your child and you argue daily now that your child has entered the teen years. Years ago, you swore this day would never come. You and your child’s relationship was going to be different, better than the relationship that you and your parents had.

Confronting the dilemma of growing teens and a shrinking house

The subject matter of your arguments with your teen also surprises you. Somehow the disagreements always swing around to space. There never seems to be enough space at your house anymore.

One of the quickest ways to start a heated disagreement is to cramp your teen’s space. And it’s not that teens need a lot of square footage. Teens demand privacy. It’s their way to gain independence. “Knock before you come into my bedroom;” “Don’t go near my journals” and “Stay out of my space” are common demands that teens make of parents.

Demanding that you steer clear and not encroach on their personal space isn’t the only way that teens can make your house feel far too small. To assert their independence, teens may leave dirty clothes piled in their bedroom.

As a child, they may have obeyed you and cleaned their room every weekend. Now, they treat their bedroom as if they built the room, as if they paid for the room. It’s away to let you know that you’re not calling the shots anymore. Your teen is becoming an adult. Problem is that she is becoming an adult under your roof.

Teens still need your support at home

To push you out, teens might spend hours on social media, watching TV or playing video games, all with their bedroom door closed, another “keep out” message sent to you. Much of this behavior is typical. Teens aren’t only entering adulthood. They are dealing with hormonal changes. They may feel uncertain and afraid, but they may not tell you, especially if they want to stand on their own.

This is a time when your house can feel tiny. You may wish that you had an in-law suite that you could move your teens into just so you don’t feel as if your teens are constantly angry with you. You and your teens will navigate this turbulent terrain, especially if you set clear boundaries when your children were young.

If your teens spend most of their time in their bedroom, check to see that they aren’t simply gazing out the window or lying in bed all day. If they are, consider seeking a professional’s counsel, as your child could be dealing with anxiety or depression.

Give your child space at home without removing yourself from your child’s life. Despite what teens say, they need you. Should you be years away from having teens in your home, make sure that you set clear boundaries. Also, create communication spaces in your home. The kitchen is a good spot. For generations families bonded around the kitchen table, and not just during holidays.

Back porch swings or a den are other places that make for great family bonding areas. On their roughest days, your teens may visit these areas of your home on their own. Pay attention. It could be a signal for you to come and talk with them.





Posted by Cove Real Estate on 7/10/2015

You may have noticed that new homes are going up around town again. Along with the sale pending signs on existing homes builders are building again. A national index measuring builder sentiment rose in June to its highest level since May 2007. But is buying a new home right for you? Homebuyers trying to decide between new and existing homes have more choices than they have had in the past. The case for new homes: New homes come with builder warranties. New homes allow buyers to select colors and floor plans. New homes can be easier to insure. Some builders have their own financing divisions, so getting a mortgage from the builder may be easier than from a lender. New homes may have a resale advantage. The case for existing homes: Existing homes may offer more space for the money and a more convenient location. Existing homes can be 10 percent to 20 percent less than new construction for comparable square footage. Existing homes are in established neighborhoods. New homes can take several months or longer to build.