Welcome to the first Cappy Hour of the new year! Last week, Brighton McConnell was joined by Cappy Hagman of Coldwell Banker Howard Perry and Walston for a quick shot of real estate, and the topic on the table in January was home owner’s associations.
Cappy says she has “mixed feelings” about HOAs, because like anything, there are two sides. On the upside, “if you have a really good set of covenants and they’re enforced correctly, they drive conformity and in real estate, conformity drives value,” says Hagman.
One of the issues Cappy has with HOAs is that they aren’t regulated in the state of North Carolina. “There’s no requirement on education or training, or classes or anything,” she said. Meaning, the covenants and how they are regulated can vary from one neighborhood to the next.
Another aspect of HOA regulation is the rise in popularity of services like AirBNB or VRBO. A homeowner’s ability to rent their home for a short period, or even a long term lease, can be affected by the decision of a neighborhood HOA.
Cappy’s advice? Get involved in your HOA! According to Cappy, getting directly involved is “the best way to stop a HOA overreach into areas that they shouldn’t belong in.”
Listen to Brighton and Cappy’s full conversation below. Whether you’re interested in buying or selling a home in our area, or you want to ask Cappy a question about local real estate, chat with Cappy directly by emailing CappyHour@wchl.com.
Cappy Hagman is a native North Carolinian and proud graduate of UNC-Chapel Hill. She has lived most of her adult life in the Triangle and thinks it is just the best place to live! Cappy has been a licensed Real Estate agent since 2004 and to this day she greets her job with the same excitement and enthusiasm as she did on day one. Cappy believes her clients deserve the best and that’s what she strives to deliver everyday!
Comments on Chapelboro are moderated according to our Community Guidelines