Homeowners Associations: To HOA, Or Not HOA? That Is the Question!
There’s more to buying a house than just purchasing the home — you’re also investing in the community. One of the biggest impacts on your investment is how well the homes in your area (and the land surrounding those homes) are maintained. That’s where a homeowners/condo association, or HOA, comes in.
Sure, an HOA charges fees, but it will also enforce rules and guidelines that could impact the look and feel of your community and neighborhood. For instance, those rules that can slow down speeders, limit overnight RV parking, or quiet barking dogs.
But HOAs are not for everyone, so you’ll want to understand the advantages and drawbacks before you commit to one. Ultimately, the more you know the better: Because an informed homebuyer makes for a happier homeowner.