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!