To Buy in an HOA or Not to Buy?
Posted by Aaron and Taylor Conn on
Homeowners' Associations (HOAs) are organizations typically found in planned unit developments (PUDs), condominiums, and some neighborhoods that enforce rules and regulations for the homes within their jurisdiction. Homeowners who belong to an HOA are most often required to pay regular fees, which are used to maintain common areas, amenities, and services within the community.
HOAs often have a set of bylaws and covenants that outline the rules and regulations that homeowners must follow. These rules can cover a wide range of topics, such as architectural guidelines, landscaping requirements, noise restrictions, and pet policies. Violating these rules can result in fines or other penalties imposed by the HOA.
In addition to enforcing rules, HOAs also…
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