Stay In Touch:
Articles

What is an HOA?

What is an HOA?

A homeowner association (HOA) is a residential subdivision typically created as a non-profit corporation by the real estate developer. In states with planned community statutes, developers are required to form a homeowner association based on the number of units in the community. The developer records the initial covenants and bylaws that govern the association. After a certain number of homes are sold in the community, the developer transfers control to a governing board. It is then the elected board’s responsibility to uphold the rules, settle homeowner disputes, create a budget, collect dues, and amend the covenants and bylaws if needed.

Assessments

All people who buy property in the association are required to pay monthly dues. The dues amount will vary from association to association depending on the expenses and amenities within the community. Expenses may include landscaping of common areas, management fees, utilities for irrigation or street lights, insurance, street maintenance and more. Expenses may also include maintenance of roofs, siding, driveways and decks which are more typically found in condo and townhome communities. Communities with pools, parks, recreational facilities, clubhouses, etc. will cost more to maintain than communities with fewer amenities. If a homeowner does not pay the required dues, the board may impose fines. The board may also place a lien against the property and even file a foreclosure after due process.

What are the benefits?

The biggest benefit of living is an HOA is a maintained property value. The board ensures that each home is kept up to a certain standard so individual property values do not decrease. Common areas are also maintained by the association.

Most HOAs have annual meetings where homeowners can vote on new amendments, elect board members, and discuss community issues. This allows all homeowners to have a say in how the community is run.

Also, many associations include amenities such as a pool, gym, and park exclusively for the use of homeowners. Some even plan activities such as block parties for members. This can foster a sense of community between neighbors.

HOA-USA   Home Buyers and Sellers

HOA-USA


Disclaimer: The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. The views expressed at, or through, this site from third parties are not necessarily those of HOA-USA. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided "as is;" no representations are made that the content is error-free.

Free E-Newsletter Sign Up

The best way to stay informed on proposed legislation, new laws, issues, trends and best practices is through our free e-newsletter.

Add or Update Your Listing in Our Management Company Directory

HOA-USA is pleased to offer a FREE listing for your management company in our state-specific Management Company Directory. This is a single static listing for your state.

Please fill out the form below to be added to the directory, or to update your listing.

The company information you provide will be used solely for the purpose of updating our site, and your personal information will not be shared with anyone.

If you are interested in having your listing be displayed near the top of the page with enhanced contact info and recognition, please inquire about our Partner Program. The HOA-USA Partner Program is an opportunity for companies to market their products and services to the board members of their single family, townhome, and condominium associations.

HOA-USA.com is designed to provide state specific marketing opportunities to our Partners. Four levels of Partnership allow us to provide cost-effective marketing campaigns to companies large and small.

Companies interested in learning more about the HOA-USA Partner Program should inquire in the comments section of the form below or contact a Partner Account Specialist at (919) 798-0813.

Add or Update Your Listing in Our Vendor Directory

HOA-USA is pleased to offer a FREE listing in our state-specific Vendor Directory. This is a static listing in the appropriate region of your state. The Vendor Directory is visited by thousands of board members each month.

Please fill out the form below to be added to the directory, or to update your listing.

The company information you provide will be used solely for the purpose of updating our site, and your personal information will not be shared with anyone.

If you are interested in having your listing link to your website, and be displayed near the top of the page, please inquire about our Partner Programs. The HOA-USA Partner Program is an opportunity for companies to market their products and services to the board members of their single family, townhome, and condominium associations.

HOA-USA.com is designed to provide state specific marketing opportunities to our Partners. 3 levels of Partnership allow us to provide cost-effective marketing campaigns to companies large and small.

Companies interested in learning more about the HOA-USA Partner Program should inquire in the comments section of the form below or contact HOA-USA at 919-459-2859.

FREE Guide to Understanding Homeowners Associations

Fill out the following form to get your FREE Guide