Purchasing A Home With A Homeowners Association Can Have Significant Influence On Your Investment

Dated: 08/26/2013

Views: 16774






There are many benefits to buying a home that is part of a homeowners (HOA) association 


The advantages to belonging to an HOA.
1. You are more likely to protect your property value.
2. Neighborhoods are more uniform and visually more attractive as there are rules everyone must follow to maintain their properties.
3. Disputes between neighbors are handled by a third party instead of unpleasant arguments within the community.
4. Residents are prohibited from parking and repairing cars on their front yard or street.
5. Parking of non-running cars or parking RVs on street is usually prohibited.
6. If the neighborhood has common community facilities as a pool, basketball court, tennis, recreation room, 
you can enjoy them without as much expense and maintenance.

There are advantages to not belonging to an HOA.
1. The nuisance of busy bodies checking to see if you complied with every rule is eliminated.
2. You have more freedom in how to landscape both your front and back yards.
(many HOAs require you to submit a landscape plan for their approval in advance of any work).
3. You can be more individual in the exterior look as you choose to add different architectural features and choose your preferred color for your home, yes... you can paint your house pink with purple trim and its perfectly okay.
4. You could park your RV on the street or in your driveway for easy access.
(this is so much more convenient and less expensive than having to park your RV a distance from your 
neighborhood). 

When considering purchasing a home in a neighborhood with an HOA, ask the your Real Estate agent to give you a copy of the CC&RS (covenants, conditions and restrictions), the Rules and Regulations.
Happy house hunting!

Want to Advertise on this Site?

Latest Blog Posts

The Country Is Buying Homes And So Should You

The Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index attempts to answer the age old question: In today’s housing market, is it better to rent or buy a home? They attempt this by examining

Read More

Four Bedroom Home In Battle Ground Now Pending

Four Bedroom Home on Large Lot in Battle Ground OverviewMapsPhotos $365,000 Single Family

Read More

Sold In 4 Days For 22K Over List Price

Adorable Vintage Move-In Ready Home OverviewMapsPhotos $227,500 Single Family

Read More

Congratulations To The Warnke Family On Finding Their New Home

Congratulations to the Warnke Family on Finding Their New Home!Getting to help clients find their new home is very rewarding. I especially enjoyed getting to help this

Read More