Depending on your homeownership style, HOAs can be good or bad.
What are the pros and cons of homeowners associations (aka HOAs)?
One of the things some people love about HOAs is that they have requirements about what’s allowed in a neighborhood. For example, they can tell you that you can’t paint your shutters black, or park your car on the street, or have a car that’s not operating in your driveway. So if you’re a mechanic who likes to fix cars or have an affinity for black shutters, you may not want to live in an HOA neighborhood with those requirements.
HOAs also keep tabs on homeowners when it comes to things like lawn care. When they’re active, they give a very consistent experience for the homeowners in their neighborhood. Some people love that, some hate it. HOAs are neither bad nor good—you just have to know what you’re getting into.
When they’re active, they give a very consistent experience for the homeowners in their neighborhood.
One of the houses we own is in an HOA neighborhood, for instance, and the president of that HOA stopped by that house one day to tell us that the trashcan wasn’t the correct distance away from the curb. People who love HOAs know that they keep property values where they need to be, and you’ll never see something like an inconsistent cul-de-sac.
If you’d like to know more about HOAs and how they operate, feel free to reach out to me anytime. I’d love to hear your thoughts!
