HOA Pros and Cons
Filed under Home Buyers on May 24,2022 | Tagged in: hoa, Homelight, homeowner’s association
Buying a home that is part of a Homeowner’s Association (HOA) might be perfect for some buyers – but not so great for others.
Whether the HOA is for a single-home community or a townhouse or condo community, there are definite pros and cons. This article from Homelight offers details and insight on both. On the plus side, you probably will never have to mow your lawn or shovel snow again. Maintenance to the outside of your home may no longer be your responsibility, and you might enjoy a golf course, clubhouse, and other recreational facilities a short walk from your front door. On the downside, you’ll need to pay a monthly HOA fee, you’ll be restricted in how you decorate your exterior, and will be required to follow rules about “unsightly” items left outside, including trash cans, toys and sports equipment. Know before you go down the HOA route. Read the full article here.
f an HOA is in your future, talk to the team at Vanguard Realty Associates. We’ll help you find think through the highs and lows of living life in an HOA community.