4 questions to ask yourself before buying in an HOA

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A row of well-kept two-story homes with immature landscaping in front of them.

04/25/2014 | Author: Jaime Lee

Homeowners associations help protect property values and create a pleasant living environment, but they also impose certain rules on residents. Here are four questions to ask before buying property in an HOA:

Can you afford it?
HOAs are funded by member dues paid monthly, quarterly, or annually. Be sure to ask the seller how much dues are and when they’re assessed so you can factor the cost into your purchase. 

Will you follow the rules?
All members of an association must adhere to a set of rules known as the covenants, conditions, and restrictions (CC&Rs). These rules regulate many facets of homeownership, such as lawn maintenance, architectural design, and where you can park vehicles. Ask the seller for a copy of these guidelines to review before you decide to buy.

Are you much of a swimmer?
HOA dues are often used to maintain common areas and amenities, such as swimming pools or hike and bike trails. These can be selling points for some buyers, while others may not expect to use them. Even if you don't swim, these features could add to the property’s future resale value.

Do you work well with others?
You may be able to get involved in the association by volunteering for a committee or by serving on the board of directors. These can be great ways to lead the association and meet your neighbors. 

If you’re looking to buy a new home, talk with your Texas REALTOR® about the pros and cons of living in an HOA to determine if it’s the right decision for you.

Categories: Buyers
Tags: buyers, sellers, buying, selling, homeowners association, hoa


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

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