What is a HOA? HOA stands for Homeowners Association. If you buy a property that is in a development that has HOA fees, then you have no choice, you will pay these fees or they will ultimately put a lien on the property and possibly take it away from you. Some people see no benefits to paying HOA fees and so they don't buy properties where there are fees. Other like being in these types of neighborhoods, as they often offer things like pools, gyms, tennis courts, maintenance of the common grounds or exterior of the buildings etc.
What are the benefits? There are many benefits associated with being in a HOA. Association management, recreational amenities, recreational amenities, community appearance.
What are the cons? HOA fees and rules for the community.
Author:Joe Pritchard Phone: 214-478-5903 Dated: November 4th 2016 Views: 66 About Joe: ...
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