To HOA or not to HOA? An important question for home buyers

To HOA or not to HOA? An important question for home buyers

Most modern-era subdivisions in the N. Texas area are overseen by Homeowner Associations (HOA’s). They are typically focused on maintaining any amenities and common areas of the subdivision, along with ensuring that the bylaws are followed by residents. Commonly-seen HOA rules include things like prohibition of recreational vehicles (boats, RV’s) parked in driveways or streets, and rules regarding proper appearance of yards and landscaping.

Many buyers with whom I’ve worked initially say that they don’t want to live in a subdivision which has HOA (often because of the cost of dues), but they often change their perspective once they understand the HOA’s role in promoting an attractive and safe neighborhood (which hopefully results in enhanced property values down the road).

Here’s a great article if you’d like to read a bit more about the topic:
http://texasrealestate.com/web/2/21/more/010713.cfm

What are some pros and cons of HOA’s from your perspective?

www.johnbrooks-realtor.com

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