3. DO I HAVE TO PAY EVEN IF I DON'T USE THE COMMON AREAS?
Yes. Once you move into a home that belongs to an HOA, you must pay all associated fees regardless of how
much you use the shared parks, pools, and other areas. Be sure to ask about required HOA payments before
buying a home to get a better understanding of what is and isn't included with those payments.
4. WILL HOA FEES AFFECT HOW MUCH I CAN BORROW TO PURCHASE A NEW HOME?
Yes. When borrowing money to purchase your home, lenders look at potential taxes, insurance, and HOA
payments. These factors may affect what you can afford and ultimately how much a bank will lend you. If
you're on a tight budget, be mindful of any HOA fees that may be required once you purchase your home.
5. WHAT CAN AN HOA REGULATE?
In general, HOAs help ensure owners are properly caring for their homes, and that a consistent look and feel
is maintained throughout the neighborhood. This can include regulating what color you can paint your house,
or how often you should mow your lawn. Specific rules are outlined in the governing documents which can be
viewed upon request before purchasing a home.
6. WHAT HAPPENS IF I DON'T PAY MY HOA FEES OR IF I BREAK THE RULES?
Most homeowners enjoy the protections that an HOA provides their home and
community. Every association is run a little differently, but most of the time,
any late payment or violation receives a polite reminder delivered via email,
in-person, or by mail. Nearly all violations are resolved at this level and you
may receive several warnings before further action is taken.
