Before buying in Rainbow Lake Estates HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. Make sure there is an adequate amount in the reserves in case of major problems such as: roof repairs, asphalt repairs, pool issues and/or property defects.
- School District: Rockwall ISD
*All information provided is subject to change by each individual community and/or association. You should verify all information including HOA prices/dues.
Homeowners Association Information
Before buying in an HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. Make sure there is an adequate amount in the reserves in case of major problems such as: roof repairs, asphalt repairs, pool issues and/or property defects.
Monthly HOA costs usually cover – landscaping, regular maintenance, management fees, any clubhouse amenities such as: pool, spa, workout room/gym, security and/or common area electricity. As far as rules and restrictions of the neighborhood make sure there is nothing that is out of the ordinary – usually the big issue in homeowner associations is parking. Can you park in your own driveway, can you park in any spot in the community and/or can you back in? You may also want to check to see if there are any restrictions to outside decor (example holiday decorations). You may want to research the community, documents, disclosures and neighbors before buying in any subdivision. Once in your community you may want to become an active member and join in on board meetings, etc.
The HOA management company can provide you with the CC&R docs along with the rules and regulations of the community. Real Estate agents can assist you with finding the correct property management company elected by the community & board members as these tend to change frequently. An agent can also direct you to the specific schools in the area (Elementary, Jr. High & High Schools)
We are not affiliated with Rainbow Lake Estates or any HOA, management company or buying or selling real estate agent. If you find any errors in our listing please feel to contact us. Also, if you live in the homeowners association and would like to add any information including: floor plans, builder, minutes or additional community features please contact us.