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Beware: 🏠👿 Your Neighbors Could Ruin Your Investment Property Plans!
You can spruce up your home to perfection before you put it on the market, but problems on your neighbor’s property could still sabotage your profit. Here are six ways your neighbor can sabotage your home sale, as well as some suggestions for resolving such situations.
Be a good neighbor yourself
Keep in mind that resolving any type of issue with your neighbors starts long before one arises. Take the time to get to know your neighbors from the start. This will build good relationships that you’ll enjoy in good times, and that will pay dividends when problems arise.
Also, remember that a neighbor’s property may be in bad shape because of a health or financial problem. Maybe you and other neighbors can pitch in and help.
Is there an HOA?
You may feel that homeowners associations (HOA) are overbearing, but your HOA can be your ally when a neighbor’s property is hurting your chances of resale. The HOA may be able to remedy many such problems by enforcing its rules. If the HOA hasn’t stepped up, first talk to your neighbor about the problem in a non-confrontational way. Then, if necessary, speak to the HOA about enforcing its standards.
