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  • Writer's pictureAlan Walker

Is Buying a House in an HOA the Right Choice for You?

Buying a home is a big decision, and it's important to consider all of the pros and cons before you make your purchase. One factor that could affect your decision is whether or not your potential new neighborhood has a Home Owners Association (HOA). HOAs can provide some great benefits, but there are also drawbacks to consider. In this blog post, we'll explore both the advantages and disadvantages of buying a home in an HOA so that you can make an informed decision about your next move.

The Pros of Home Owners Associations:

  1. HOAs can provide amenities that a neighborhood would otherwise not have, such as pools, tennis courts, and clubhouses.

  2. An HOA will often be responsible for the upkeep of common areas within the neighborhood, making sure sidewalks are clear and landscaping is well-maintained.

  3. Homeowners who join an HOA are more likely to be able to access at a lower rate home insurance policies since they live in a community that is taking proactive steps to ensure property values and safety standards are maintained.

  4. HOAs can also create a sense of community within the neighborhood, providing social events and activities for residents to enjoy.

  5. HOAs sometimes include certain utilities, like water, trash, internet, cable, etc... So your HOA fee is covering items you would have paid for anyways.

The Cons of Home Owners Associations:

  1. There is an upfront cost associated with joining an HOA, which could be hundreds or thousands of dollars depending on the size and amenities associated with the neighborhood. This is typically paid when purchasing the property.

  2. HOAs may require homeowners to pay monthly, quarterly, or annual dues in order to cover the costs of maintenance and other services, such as trash removal or landscaping.

  3. Depending on the HOA, homeowners may be limited in terms of what they can do with their property, such as the color of paint they use for their house or if they are allowed to have certain types of pets.

  4. HOAs may have a board of directors that meet periodically and have the authority to make decisions regarding the community, such as approving new construction projects or enforcing rules for homeowners.

  5. Additionally, many HOAs have strict rules about how homes must be maintained or constructed which can limit your ability to make changes to your house or property as you see fit. This can be a major disadvantage if you are looking for more freedom when it comes to your home.

Some people love the outdoor maintenance being taken care of and uniformity of homes in an HOA. Others may find them too restrictive and don't like to "ask permission" to make a change to the exterior of the house.

The only right answer is the answer that is right for you and your current situation.

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