Most people know that HOA stands for Home Owners Association, but not every one knows what an HOA means. According to definition an HOA is a legal entity created by a real estate developer for the purpose of developing, managing and selling a development of homes. Daybreak’s association is operated by a board of directors that includes residents of Daybreak. A company by the name of Capital Consultants Management Corporation is responsible for management, you can find out more on their web site.
Some people are discouraged from purchasing certain properties because the property has an HOA fee, but there can be quite a bit of value and advantage to having an HOA. For example according to their web site, a single family home owner in Daybreak pays only $80 month (which is quite reasonable for an HOA fee). This fee pays for the amenities like the trail systems, parks, and swimming pool. It also pays for the community maintenance and high speed fiber optic internet. These are all services and amenities that a home owner would have to pay for on an individual basis at a much higher expense. HOAs can also help protect property values and most people’s biggest investment, their home. Don’t let an HOA fee scare you away, it’s always a good idea to find out what it pays for first- it may just end up saving you some money.
Avg. Sales Price: 241,487
Avg. Days on Market: 78
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