A homeowners’ association (HOA) is a common element in many communities. The HOA is an organization designed to improve the quality of life for everyone within a community by enforcing certain rules and restrictions within the community. Some associations are very restrictive about what property owners can and cannot do with their property. The level of restrictions is typically set in the Restrictive Covenants for the community.
Before purchasing a home, you need to know whether the home is under the jurisdiction of an HOA and how that impacts your finances, as well as your freedom of choice regarding your property. Below is a discussion of HOAs. We also encourage you to discuss HOAs with your real estate agent.
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