Have you ever thought about whether a homeowners’ association (HOA) is the right fit for you? When people find the right home, often they do not stop to think about how HOAs affect the purchase of the home, and how HOA living will affect them. Today, let’s talk about some of the pros of being part of a homeowner’s association. Next week, we will look at the other side. First, let’s understand what an HOA is. An HOA is a governing structure for a planned community. While there are technical differences between an HOA and a condominium association, for the purposes of this article and next week’s follow-up, when we refer to an HOA we mean a planned community, regardless of whether it’s a single-family home community, condominium association, townhouses, or rowhouses. The HOA board (and HOA manager, if the HOA has a management company) maintains community standards, sets rules,… read more →
