Real Estate Insider Blog
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Pro: They Provide Amenities for Residents
When you buy into a Homeowners Association, this will give you access to specific amenities that the neighborhood offers. The type of amenities can be small or large, and they may include things like tennis courts, swimming pools, children's playgrounds, and even gyms or clubs. Enjoying these amenities also provides an extra opportunity to socialize with neighbors while having fun, and they can contribute to a more fun community overall.
Con: Fees Are Mandatory
When a neighborhood is governed by a Homeowners Association, you are going to have to pay a monthly or yearly fee and sometimes extra fees that weren’t properly funded like a private street that costs more than what was allocated in the association’s reserves.
Pro: They Govern How Neighbors Can Do Certain Things
The Homeowners Association can protect you from neighbors who may play music too loud or put up garish Christmas decorations in their yard in October that they keep up all year long. Do like a...
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