Owning a home is a fulfilling and sometimes overbearing thing to do. A big choice many homeowners have to make is whether or not to live in a neighborhood with an HOA. HOA stands for Homeowner’s Association, something that many places with commercial property management utilize. Let’s look at the pros and cons of living within one.
There are many benefits of staying within an HOA. One is the appearance. Since all homes in the area must follow appearance guidelines, you can rest assured that you will live in a neighborhood that is pleasing to the eye and clean. They are low maintenance, as services such as trash and snow removal are covered. Many have great amenities such as trails, pools, and community centers.
HOA’s also have downsides. One of the biggest ones is the cost. While it does vary, all HOA’s charge an annual cost to cover things such as upkeep of the area. The rules set by them also are not favorable to many people who would like to make their house stand out. Not being able to have a certain kind of fence or fly their favorite flag may make some users choose to opt out of an HOA.
HOA’s are a service that can help to make a neighborhood more inviting, but can also be costly and restrictive. Make sure to look at the pros and cons of them before choosing whether to live in an area with an HOA or not.