No, we shouldn’t treat all homeowners associations equal.
Unfortunately, this happens more than it should.
HOAs usually charge fees or dues to cover services, maintenance and shared facilities.
Every HOA has its unique set of rules, financial health and community culture.
Some are well-managed and provide excellent value, while others are mismanaged or financially irresponsible.
For example: Is money being put away to maintain the community over the long term?
Special assessments for major repairs or upgrades can be costly and financially draining.
Are you someone who likes to park your RV or boat in the driveway or work on your car?
HOAs often enforce rules that can limit your freedom such as where it’s possible for you to park.
They can also impose strict restrictions on exterior decorations, parking or pet ownership.
As a potential homeowner, it’s vital to read and understand the HOA documents thoroughly.
Knowing what you’re signing up for can save you from future headaches and financial burdens.
In my experience, HOAs are never as good or bad as people think.
They usually fall somewhere in the middle.
