by Remy Lacanaria
Posted on 2019-08-05 20:17:01
Advantages and Disadvantages of Homeowners Association
HOA means Homeowners Association or sometimes referred to as property owner's association or POA is a private association in a subdivision, planned community or condominium that makes and enforces rules for the properties and their residents.
HOA are established by groups with single-family homes or condominium. Those who bought properties with an HOA's authority automatically become members are required to pay HOA fees or dues. Being a member of homeowners has advantages and disadvantages.
Would it really be helpful for being a member? What will happen if you can't pay HOA dues? Here we listed some advantages and disadvantages of being an HOA member:
Many things have to consider first before deciding if you want to be an HOA member or wants to live in an HOA community. Overall in having HOA, the advantages are a lot greater than disadvantages.