Homeowners Associations (HOAs) can be a great asset — or a dealbreaker — depending on your priorities.
Pros of HOAs:
- Maintain neighborhood appearance and amenities
- Enforce rules that protect property values
- Often include perks like pools, gyms, or landscaping
Cons of HOAs:
- Monthly fees (which can rise)
- Restrictions on landscaping, rentals, and exterior changes
- Special assessments for major repairs or projects
Always review the HOA’s:
- CC&Rs (rules and restrictions)
- Budget and reserve funds
- Recent meeting minutes (look for conflicts or upcoming expenses)
Buying in an HOA is all about understanding what you’re agreeing to — and whether the benefits match your lifestyle.
