Many times you hear people state how awful Homeowner’s Associations (HOAs) tend to be. Is living in a HOA worth it? A HOA can be viewed many times by people as a strict community. Why? Because people are comparing it to living in a single family home which does give you a lot more freedom to do as you want. People living in HOAs and single family homes have vastly different lifestyles.
Restrictions
Living in a HOA means you have restrictions that you would not have if living in a single family home. What’s the difference? There are Governing Documents which guide each HOA. There are also state laws which must be followed for condos and Homeowners Associations.
Here is a list of a few common rules seen in all HOAs:
Many times people find HOAs to be less expensive because they are smaller homes. People jump at purchasing because of the lower price without understanding the restrictions involved.
Who enjoys HOAs?
There are many people who love HOAs. Single people who are always on the go and don’t have time to take care of the grounds. Retired married couples who want to downsize want to live a simpler live and visit their grandchildren without worrying about their home. These types of people want to become Members of a HOA community because it makes their lives easier. They want to pay a fee for the Association to maintain the outside areas. Some people don’t like single family homes and prefer to live in a HOA or a condo to simplify their lives.
Is living in a HOA worth It?
Don’t make the mistake of choosing a condo or villa just because the price is less. If the home is in an Association community, you have a restricted deed! Research the rules BEFORE thinking about signing a contract. After reading the Rules and Governing Documents, you will know if living in a HOA is worth it for your type of living. We hope this article helps you choose the perfect home for you!
