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HOAs - Love 'Em or Hate 'Em?

Tracy Reynes

Achieving success in the culinary and event planning fields after earning a degree from the acclaimed California Culinary Academy gave Tracy Reynes or...

Achieving success in the culinary and event planning fields after earning a degree from the acclaimed California Culinary Academy gave Tracy Reynes or...

May 9 3 minutes read

HOAs - Love 'Em or Hate 'Em?

In our area, there are so many beautiful homes on the market - as you shop, you may wonder about the pros and cons of purchasing a home with a Home Owners Association (HOA). There are a few things to consider with an HOA:

Homes with HOAs have a lot of perks:

  • Most subdivisions, condos, or townhouses with a Home Owners Association will have well manicured yards and common areas.
  • The primary purpose is to maintain and keep up the neighborhood common areas, such as the pool, private, gym, gathering hall, entrance landscaping, playgrounds, and security.
  • Generally speaking, these homes tend to have higher property values as everyone has to keep their house and yard up to a certain level.
  • Many of us have dealt with "that neighbor" who has the incessantly barking dos or plays very loud music until 4 am every single weekend. With an HOA, you may have recourse through official channels, instead of creating personal conflict directly with your neighbor.

It is important to carefully read the HOA guidelines before finalizing the purchase of a house.

  • Sometimes HOAs are reasonable and the rules are carefully considered before being enforced.
  • Some HOAs are the opposite and extremely strict, even limiting the number of vehicles allowed in your own driveway, what landscaping/plants/trees you use, and other decisions that would normally be personal decisions.
  • Some HOAs have design/architectural committees that can dictate the color of the exterior of your house or what mailbox you use, in order to maintain a certain look and feel to the community.

Be aware, HOA services do come with a price.

  • There are HOA fees that are paid monthly or annually that help to pay for these services. Sometimes the HOA can be as little as $100 per year. Other HOA fees can be quite expensive, skyrocketing to $700 or more monthly. Carefully consider the HOA fees, and then the benefits to determine if the HOA is right for you.
  • In some parts of the country, finding homes without an HOA is very difficult, so your choices are more limited. In our area, there are an abundance of houses that both have an HOA controlled community and those that do not.
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