Homeowner associations, or HOA neighborhoods, enable owners to manage their planned unit development (whether a condo, townhouse or subdivision). If you are looking at an HOA property it means that you will have common property, such as roads. You may also have amenities like a clubhouse, pool or gym. These are great if you use them, but since all HOA properties contribute to the costs you may resent paying if you don’t.
Want to learn more about your HOA? Run a free Eli Report!