The agreement buyers sign upon purchase of a home in an HOA community outlines the board’s responsibilities. HOAs range in what they actually do, and it all depends on the regulations drawn up by the land developer or founding HOA members. Simply put, there are pros and cons to living in an HOA. By setting rules for the community, hiring vendors, paving roads, repairing roofs and fences, and handling disputes, HOAs can simplify life for residents or make it a little more complicated. In that sense, they’re more like municipal governments. HOAs also tend to come with a set of rules or conditions for being a part of the community, like limits on paint colors, cars parked in your driveway, and other regulations. In this way, an HOA is like a property manager or landlord. The HOA board takes care of things like property maintenance and landscaping to uphold the community’s quality in exchange for a fee. What is an HOA?Īn HOA is the governing body of a planned community, composed of the community’s residents. Here, we’ll explain what an HOA is and what it does, and then detail the rare ways you can refuse to join a homeowners association or opt out of one without selling your home. In many cases, it could be impossible to opt out of an HOA. If you’re interested in a home in an HOA community, you might be able to get out of the HOA requirements - but it will often be very difficult and require a strict understanding of HOA law and your community’s specific bylaws. Homeowners’ associations (HOAs) are more common today than ever, but they’re not for everybody.
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