Review:
Homeowner Associations
overall review score: 3.5
⭐⭐⭐⭐
score is between 0 and 5
Homeowner associations (HOAs) are organizations in planned communities or condos that establish rules, regulations, and fees for the upkeep of common areas and shared amenities.
Key Features
- Establish rules and regulations for property owners
- Collect dues and fees for maintenance of common areas
- Enforce community standards and guidelines
- Organize community events and activities
Pros
- Help maintain property values by enforcing standards
- Provide shared amenities like pools, parks, and security
- Create a sense of community through events and social activities
Cons
- Can be restrictive with rules and regulations
- HOA fees can be expensive for some homeowners
- Potential for power struggles or conflicts among board members