WHAT IS A HOME OWNERS ASSOCIATION (HOA) ?

WHAT IS A HOME OWNERS ASSOCIATION (HOA) ?

Basically most condo and townhome developments will have a home owners association, or HOA, as well as some other planned single family home developments. HOAs are established to ensure that the CC&Rs are enforced and given to all of the homeowners so to maintain the quality and value of the property involved. The membership of the HOA is made up of all the homeowners who all are charged a mandatory fee. HOAs have the authority to enact and enforce certain types of rules regarding maintenance and design standards, including those established by city or county ordinances when the development was originally planned and constructed.

The CC&Rs are the Covenant, Conditions and Restrictions that apply to the development and to each of the property owners who have purchased property in the particular development.

When considering buying a property in any community or project that a potential buyer look into the CC&Rs and HOA operations along with their South Bay Realtor to get an idea of what costs are involved over and above the initial cost of buying the real estate property you are interested in.

Important Tip for Selling Your South Bay Home Faster

Important Tip for Selling Your South Bay Home Faster

Making sure that your South Bay home has the right curb appeal is important when selling. One of the first things that potential buyers look at when coming to inspect your home is the garage door and the condition of the driveway.

Many people paint the trim and the garage door thinking it will coverup any needed repairs or blemishes, but sharp home buyers will always look at the condition of the garage door, and the driveway. A greasy, oily driveway is a turnoff for buyers, as is broken concrete or asphalt in the driveway.

Spending the time and money to update or upgrade a garage door and any problem driveway will help to sell the home faster.

Lots of Senior Housing Available in Torrance

Looking through the local news papers and driving through the city of Torrance, I quickly realize the great housing Torrance Real Estate options that has always had for all ages and for all income brackets, and especially for senior citizens.
http://www.youtube.com/watch?v=LGtvRcs5l0E
From age restricted “over 55” communities like ‘New Horizons’, one of the first master planned condo projects in California, to many new moderately priced and luxury priced, modern condo complexes located in the city. Many of the complexes are almost sold out before they are even completed.

The South Bay – Leading the World in Aircraft and Aerospace

While visiting in the South Bay recently, several family members were surprised at how much the area has grown in recent years. This started a conversation about what caused the South Bay to explode with people, businesses, homes, malls and employment centers. Most of us forget that Aerospace and Aircraft Manufacturing is what made the South Bay communities boom from the 1940s all the way up to the 1970s and 1980s. Companies like North American Aircraft, Lockheed, Northrup, Grumann, Douglas Aircraft, North American Aviation, Rocketdyne, Air Research all came here and hired thousands upon thousands of loyal, educated employees who then bought South Bay homes, cars, built the schools, and raised their families in the South Bay.http://www.youtube.com/watch?v=LOtb41FSisU&feature=fvst
When the Aerospace era began in the late 50s, companies like Aerospace Corp., TRW, Xerox Corp., Hughes Corp., Teledyne and many others took their place along side of the older Aircraft Manufacturing plants of World War II and together they lead the nation and the world into into a whole new frontier called outer space and started by heeding the challenge of a young president and put the first man on the moon.

Cities like Manhattan Beach, Redondo Beach, Torrance, Hermosa Beach and others were all rural and desolated areas with few homes, trees, streets and businesses. Soon new schools were being built, new shopping centers, medical facilities, hospitals, colleges, churches, restaurants, theatres, beach facilities and all the nice amenities and conveniences that we take for granted today. I don’t think that there is one family still living in the South Bay today, that doesn’t have a relative, or know somebody who worked in the Aircraft and Aerospace Industry in Hawthorne, Manhattan Beach, El Segundo, Redondo Beach, the L.A. strip, between the 1940s and the 1980s. Talk about great memories! Aircraft Manufacturing and Aerospace certainly changed the lives of thousands of people and the way they lived.