If you are currently in the market for a new home it is likely that if you haven’t already you will eventually hear the term HOA. What does HOA stand for you may ask? HOA stands for Home Owners Association. Many neighborhoods have a Home Owners Association these days but not all neighborhoods do. Let’s take a closer look at what an HOA is all about and what exactly the fees associated with an HOA actually cover.
- Home Owners Associations were created to keep neighborhoods on the up and up so to speak. They will keep your neighbor for instance from painting their house hot pink or putting up an 8 foot tall fence. HOA’s will also keep your neighbors yards looking nice and manicured as many of them have strict rules about keeping the grass cut