When you’re in the market to purchase a home, the location, cost, and associated schools or services are probably top factors in your decision-making process. They should be, of course, because these factors will impact your day-to-day experience for as long as you choose to remain in your home.
However, if the neighborhood you choose is governed by a homeowners association (HOA), you’ll want to weigh a few more factors. There are HOA dues, additional regulations, and an additional layer of legal considerations involved with homeownership.
First, let’s take a look at what a homeowners association is and how it functions on behalf of the community it governs.
A homeowners association consists of all the homeowners whose properties are located
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