What Should I Know About HOAs?

Homeowners associations (HOAs) exist to maintain community standards and protect property values, but they also come with rules and fees. Before buying in an HOA, review the CC&Rs (Covenants, Conditions, and Restrictions), fee schedules, and meeting minutes. These documents outline everything from landscaping requirements to parking rules.

In my experience, buyers often overlook the importance of HOA governance. A well-managed HOA can enhance your living experience, while a poorly run one can create frustration. Always verify financial stability, reserve funds, and community reputation before committing.