Homeowners associations are intended to help protect property values and maintain a pleasant living environment. To accomplish those goals, they impose certain rules on residents. Here are four questions to ask before buying property in an HOA:

你负担得起吗??

HOAs are funded by member dues paid monthly, quarterly, or annually. It’s important that you know the cost of the dues and when they’re assessed so you can factor that amount into your budget. Also, note the rules and process regarding changing the dues.

规则是什么??

All members of an association must adhere to a set of rules known as the covenants, 条件, 和限制(CC)&Rs). These rules regulate many facets of homeownership, 如草坪养护, 建筑设计, and where you can park vehicles. Review a copy of these documents—you don’t want to find out after closing that you can’t store your boat in your driveway.

包括哪些设施?

HOA dues are often used to maintain common areas and amenities, such as swimming pools and trails. These features may be 销售 points for you or you may not expect to take advantage of them. Understand what you’ll be paying for and note that even if you don’t use all the features, they could add to the property’s future resale value.

你想参与其中吗?

Many homeowners associations welcome new volunteers for committees or their boards of directors. These can be great ways to meet your neighbors and keep on top of issues affecting your neighborhood.

For more help learning about HOAs and deciding if a home is right for you, talk with your REALTOR®.