Homeowners Associations, or HOAs for short, can have a wide range of responsibilities and impacts on a neighborhood. These can range from making sure the community pool is clean and maintained to ensuring all lawns have a similar look and feel to ensuring that a neighborhood stays safe from crime or dangerous hazards. In certain states, an HOA can even perform what’s called a “non-judicial foreclosure” on a property, if they have the right kind of justification.
We mention this because the fact is that most HOAs can have a significant impact on the day-to-day goings-on of your community and property. This can either have a positive or negative effect on you and your life, depending almost entirely on your point of view. For that reason, we recommend spending some time checking into the local HOA before committing to a property purchase to see if you can live up to and/or agree with their standards.