When on the search for a home, you may notice some are managed by an HOA. An HOA (Homeowners Association) is an organization responsible for managing the properties in a community and enforcing rules and regulations. Before purchasing a home managed by an HOA, knowing some basics can help you decide if the move is for you. 

Privacy

If you’re searching for a quiet property away from others, an HOA community may not be to your liking. Homes in HOA communities are often within close proximity and management usually hosts events to help homeowners in the community meet their neighbors. 

Fees

HOA’s often require community members to pay monthly fees to pay for the upkeep and appealing features of the neighborhood. On average, fees may range around $170 monthly, but may increase depending on the popularity of the state and specific neighborhood the HOA is in. Amenities such as golf courses, fitness centers, and gated security can potentially mean an increase in monthly fees. 

Rules

Rules and regulations enforced by and HOA may differ depending on your community and are voted on by residents. 

Restrictions may include what shades of paint you can use on the exterior of your home, what outdoor decorations are acceptable, how late you can use the fitness center, where to park and more. Some HOAs also have rules on how many pets you can have – including size and breed restrictions. 

Conflict resolution

If you’re having an issue with a neighbor, no need for a handwritten note to leave on their door. Whether it’s a loud party or barking dog that’s the issue, simply reporting the incident to the HOA can have the problem resolved. In most cases, the HOA will speak with the offender directly and may take further action if required. 

Home maintenance

A huge benefit HOAs provide is taking care of general neighborhood maintenance. This may include manicuring the lawn, raking and removing snow, as well as HVAC repairs, plumbing repairs and pest control.

After finding a home managed by an HOA, it’s best to do research on rules, fees, guidelines and perks to see if they align with your goals of homeownership.