Owning a home in Northern Michigan is a blessing and can be overwhelming in the winter months. Luckily, by choosing to live in an Association you will have a team of people helping to maintain your home and the surrounding area. Did you know there is over 400 Property Associations in Northwest Michigan? The most interesting part about seasonal homes is maintaining the home year-round. This is where Property Associations play a huge part because homeowner’s can rely on the Property Management company to maintain the lawn, remove snow, maintain the trees around the property, clean the pool, office, tennis courts and all other amenities on the property. These common amenities must be maintained and regulated, each development is typically run by a condominium or homeowners association (an “Association” or HOA). The Association may have a lot of power over homeowners’ lives but must also act in accordance with the terms and conditions contained in a set of governing documents.
A potential buyer or owner of property in a development should therefore develop a basic understanding of what the governing documents are, and their purpose, in order to further research their acceptability.
Although every development is different, the governing documents typically include:
Articles of Incorporation, Bylaws, Declaration of Covenants, Conditions and Restrictions (CC&Rs), and rules and regulations.
Realtors representing Petoskey Real Estate Group have extensive knowledge about local Property Associations and will walk you through, step-by-step, buying or selling a home in an Association. Association living is an amazing opportunity in Northwest Michigan, and we are here to share our knowledge. Give us a call at 231-333-9145 and we will explain everything to you.