More and more communities are utilizing an HOA to govern their neighborhoods. But, is an HOA right for YOU?
HOA’s or Home Owners Associations dictate how your home and property must be maintained with specific rules, guidelines, limitations and restrictions. Violating these rules can result in fines or worse.
Typically, people either love or hate an HOA.
Before you move into an HOA-controlled community, consider the following:
- Do you want to be told what kind or size of pet you may own?
- Do you want restrictions on what you can – or cannot – put on your balcony, patio or front yard including holiday decorations or political signs?
- Are you ok with an HOA limiting the number of overnight guests?
- If you have children, are you comfortable with age restrictions when it comes to them using community facilities?
Before you buy a home in an HOA, carefully think about whether it’s the best choice for you and your family.
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