When you purchase a home that is part of a Home Owners Association (HOA), you agree to live by certain rules set up by that HOA. The HOA usually charges a monthly fee and in exchange will provide the homeowners with certain services such as exterior maintenance or access to a community pool. HOA living is ideal for some and simply an added expense for others; this depends on both the particular HOA and the needs of the homeowners themselves. Below, I will discuss some of the advantages and disadvantages of HOA living as well as some important questions to ask if you are shopping for a home within an HOA.    Read the article……………

Editor

Recent Posts

NC House Select Committee on HOAs Files New Bill

As the short session continues and the legislature continues to negotiate House Bill 542 with…

18 mins ago

Solano Real Estate Scene: Condo crisis in California

When a person buys a condo and needs a loan, the buyer must qualify, the…

29 mins ago

Automakers are revved up over condominium towers

It’s the hottest trend in the automotive industry, and it’s not electric vehicles or autonomous…

31 mins ago

My Safe Florida Condo Pilot Program: Frequently Asked Questions

On April 24, 2024, Florida Governor Ron DeSantis signed House Bill 1029 into law, marking…

2 hours ago

Editorial: HOAs and metro districts can foreclose on your home. Two new laws could stop this “equity theft” (CO)

Little by little, Colorado lawmakers are reining in out-of-control metro districts and homeowner associations. But…

2 hours ago

Supplementary Guidance on Corporate Transparency Act for Illinois Community Associations

On April 18, 2024, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”)…

18 hours ago