What is an HOA? HOA stands for Homeowner’s Association. You are obligated to join the HOA of your community when you move in. Some neighborhood even require it. HOA require homeowners to pay a monthly fee. Theses fees can cover services such as ongoing maintenance and repairs, insurance policies, utility payments, reverse funds, contingency funds, personnel, and professional property management. HOA’s can be great when it keeps your neighbor from painting their house neon, or when they provide amenities that you may of not paid for on your own.
Here are some things you should learn about your HOA:
Learn the HOA’s rules.
You want to make sure that you realize all of the ways that you could…