1. Home owner’s Associations:
Hero
villain?
or
What is a HOA?
A home owner’s association asks
members to pay $200-$400 in dues
each month and follow rules.
In return, the HOA provides
certain amenities, like
community pools or trash
removal.
What are the rules?
Each HoA has different
Covenants, Conditions and
Restrictions, or CC&R’s.
Some determine seemingly
personal rules, like
what window coverings a
homeowner can purchase.
Others focus on maintaining
property values.
What are the perks?
Once again, all HOA’s are different. Some
provide pools, walking trails and yard work for
free. It just depends on what the HOA can afford
to give to the homeowners.
do you have to
follow the rules?
If the
homeowner
doesn’t pay his or
her dues, then the HOA
can place a lien on the
property (they claim
ownership) until the
fees are paid or
the rules are
followed.
Heros? or Villians?
It depends on the homeowner!
If the homeowner wants the
perks and can follow the
rules, HOA’s are perfect! If
the homeowner wants more
freedom, a HOA might be a
burden. Make sure you know
what you’re moving into!