What is a Homeowners Association | HOA | PURPOSE ?? RULES ??

Natalia Echeverri
Natalia Echeverri
Published on August 13, 2021

Despite what we read in the media, 70 percent of Americans who live in communities governed by homeowners associations say they are satisfied with their communities, according to the Community Association’s Institute 2020 Homeowner Satisfaction Survey.

71% of those surveyed say that their HOA’s rules and regulations “protect and enhance property values.”

Whether their reputation is well-deserved or overhyped, HOAs homeowners associations offer both advantages and disadvantages to residents living in managed communities. One of the most obvious disadvantages are the fees or dues required of residents. Don’t pay them, and the HOA can not only slap a lien against the home but push you into foreclosure.

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