Buying in an HOA? Setting Homeowner Expectations

When buying a home, potential buyers often consider neighborhoods with homeowners associations (HOAs). Generally, HOAs are governing bodies that generally enforce rules, manage common areas, and work to maintain property values within a community. As a result, living in an HOA offers numerous benefits, but homeowners buying within the HOA should take care to understand the obligations and restrictions that come with HOA home ownership.

What is an HOA?

The majority of HOAs are private governing bodies made up of volunteer homeowners who have been elected to a board of directors. The board enforces community rules (often detailed in the Covenants, Conditions, and Restrictions, or CC&Rs), maintains shared amenities, collects assessments, and makes decisions that benefit the community as a whole. While HOAs are common in many neighborhoods, especially those with amenities or uniform aesthetics, not every community has one. Here are some aspects of HOA living that potential buyers can expect:

1. Community Maintenance and Appearance

HOAs often ensure that the community is well-maintained and aesthetically pleasing. By enforcing rules on lawn care, exterior paint colors, and property upkeep, HOAs help maintain a uniform or consistent appearance throughout the neighborhood. This not only creates a pleasant living environment but can also contribute to a sense of pride in the community. 

Common HOA rules include restrictions on:

1. Paint colors for homes.
2. Landscaping choices.
3. Placement of outdoor items (e.g., holiday decorations, or play equipment).
4. Parking restrictions (e.g., no street parking, RV, or boat parking).

2. Increased Property Values

One of the main goals of an HOA is to protect and enhance property values. By maintaining common areas, enforcing standards, and preserving a consistent look within the community, HOAs can help ensure that home values remain stable or increase over time. Buyers often find this appealing, as a well-maintained community can be a sound investment.

3. Access to Shared Amenities

Many HOA communities offer amenities like pools, parks, clubhouses, gyms, and tennis courts. These amenities provide convenience and recreational opportunities that might otherwise be costly or unavailable to individual homeowners. The maintenance of these facilities is typically assumed by the HOA, making it easy for residents to enjoy them without the hassle of personal upkeep.

4. Services and Community Events

HOAs often offer services that make life more convenient for residents, such as trash collection and landscaping. Additionally, some HOAs take extra steps to organize community events, such as holiday parties, social gatherings, and neighborhood block parties, fostering a sense of community and encouraging neighbors to get to know one another.

5. Safety and Security

Some HOA communities provide added security measures, such as gated access, neighborhood watch programs, or private security patrols. These measures can contribute to a safer environment and provide residents with added peace of mind.

Tips for Potential Buyers Considering an HOA Community

If you’re considering buying a home in an HOA community, we recommend that potential buyers take the following steps:

1. Read the Governing Documents: Review the CC&Rs, bylaws, and rules and regulations before buying. This will help you understand the rules, restrictions, and obligations you’ll have as a homeowner.
2. Understand the Fees: Ask about the monthly or annual dues and any potential for special assessments. This will give you a sense of the financial commitment involved with homeownership.
3. Meet the Board/ management: If possible, meet with board members and management team to understand their management style, priorities, and approach to rule enforcement.
4. Consider the Amenities: Determine if the amenities provided by the HOA align with your lifestyle.
5. Talk to Residents: Chat with current residents about their experience living in the community. This can provide valuable insights into the HOA’s operations and the community’s overall satisfaction.

Living in an HOA community offer significant benefits in homeownership. For buyers who value structure, amenities, and a well-maintained environment, HOA living can be an excellent choice. Buyers should take extra care to research the HOA’s policies, fees, and financial health to make an informed decision that aligns with their needs and lifestyle preferences.  With the right fit, an HOA community can offer a balanced, harmonious environment where homeowners enjoy peace of mind, shared amenities, and a well-preserved neighborhood.

If your community has any questions regarding these materials, please reach out to the firm for assistance. Call us toll free at (800) 743-9324 or email moc.w1757131610albdh1757131610c@ofn1757131610i1757131610.

The information contained in this article is not intended to be legal advice and is provided for educational purposes only.