Thinking about living in an HOA community? Make sure to factor in all the pros and cons before making your decision. Check out our list to determine if purchasing a home with a homeowner’s association is the right decision for you!

What is an HOA?

According to, a homeowner’s association is an organization that oversees a group of homes by setting and enforcing rules, as well as maintaining the grounds. Typically, homeowners looking to purchase an HOA home must pay certain fees and must meet a set of community rules and guidelines before you purchasing the home.

Pros of an HOA

Lawn Maintenance: Generally, HOAs will maintain the areas landscape and cover general maintenance. For those looking for a low-maintenance lifestyle, this could be a great solution. In addition, the community’s lawn maintenance provides a consistent aesthetic!

Amenities: Many HOA communities offer access to recreational amenities like swimming pools, gyms, and club houses. These amenities are typically in a shared space. It also makes it a great way for you to meet people in your community and save on extra expenses!

Security: Joining an HOA community may also mean you don’t have to worry about confronting any unruly neighbors about disputes. If an issue arises with a neighbor, the organization will manage the dispute according to the HOA rules and regulations.

Higher ROI: According to HomeLight, single-family homes maintained under HOAs sell for an average of 4% more due to conformity in a planned community. For example, these homes tend to have certain styles, and restrictions in a residential neighborhood that are appealing to many buyers. Check out our blog,“7 Things to Prioritize When Purchasing a Home” to understand what to look for when buying a home!

Cons of an HOA

Costly HOA Fees: The cost of joining an HOA and high monthly fees deter many from purchasing a home in one of these communities. Additionally, these monthly fees are an additional expense to your mortgage, property tax, and homeowners’ insurance. Make sure to budget accordingly if you are thinking about purchasing this type of home. Review our blog on “Home Budgeting Tips” before making any final decisions!

Restrictions on Personalization: One of the major cons associated with joining an HOA is the lack of personalization to the interior and exterior of your home. Moreover, painting or remodeling could be prohibited, and restrictions could be placed on the types of plants and furniture outside. Check with the HOA’s policies ahead of time!

Poor Management: Always be sure to do your research and ask residents opinions on the management running the HOA to ensure the community is well maintained.

If you are thinking about purchasing a home in an HOA community, it is important to do your research to determine if this is the right choice for you. Review your lifestyle, budget, and personal preferences in detail. Living in an HOA community can be a great option for many. But it might not always be the best option for you. Contact one of our expert lenders today to learn more about our your mortgage options within an HOA community.