Many of my customers as me about HOA’s. Does this home have an HOA. I rarely here of anyone who does not at least have one negative experience with an HOA they lived in. What is the true job of the HOA. An HOA is a Home Owners Association and the basic duty of the HOA is to make rules for the Home Owners and enforce those rules. It is really hard to enforce to rule without some negative consequence to threaten. I think most HOA’s are a group of good people who made a choice to serve in a not paying difficult job to make the area they live in better. I hear all the time about the HOA Jerk who just uses the rules to nag or to fee people. The one piece of advice I could give to a future home owner looking to buy a home in an HOA is this. Please read the HOA documents and answer this easy Question. Can you do these things 100% perfect. If the guy who is really worried about the recycling bins always fines you for leaving your out, maybe you should bring it in on Tuesday night. I do live in an HOA and I really like the quality of the Area. We are lucky to not have a very MEGA strict HOA board but they do follow the rules and keep the area nice. We have a nice pool in the neighborhood and the streets look good and the Property Value has remained high even in the tough economy. If you have Real Estate needs that keep you out of the HOA mainstream like you have to park your RV on the street they may not be for you but ask your Broker for good info when you are looking at homes with HOA and weigh the pros and cons.
To HOA or not to HOA.
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