There’s a part of owning a home that can have a tremendous impact on the entire experience that many people don’t take into consideration when buying or selling a home, and it’s the topic for this blog post – Homeowners’ Associations (HOA).
If you’re looking into buying a home, you should know whether the property you’re interested in is under the authority of one of these organizations. They can have significant power over the properties in their jurisdiction, and their bylaws may or may not be ideally suited for your opinions. Try to do some homework on how the HOA of your new neighborhood operates before moving in.
If you’re selling a home, it may be a good idea to provide information to potential buyers about the HOA in the neighborhood. Take a look at the previous paragraph, and put yourself in the shoes of the buyer. What kind of information would you want to know before you committed to being under an HOA?