Home Buying January 14, 2025

Questions to Ask When Buying a Home in an HOA

Questions to Ask When Buying a Home in an HOA

Are you considering a home in an HOA? Before you finalize your contract here are a few questions you should be asking:

  1. What are the HOA fees and what do they cover? Do the fees cover street maintenance or are the streets county streets? Who handles snow and trash removal?
  2. Are there any upcoming assessments?
  3. What are the rules and regulations of the HOA?
  4. How is the HOA managed? And, by whom? Are there regular HOA meetings? When are they held?
  5. Are there any restrictions on renting out property or doing short-term rentals, like AIRBNB?
  6. What is the process for making changes to your property?
  7. How are disputes resolved?
  8. What amenities are available and how are they maintained? Are there extra fees for amenities, like a community pool?
  9. Is there a reserve fund for major repairs and replacements?
  10. Can you review the HOA’s financials and meeting minutes?

These are just a few questions you should ask when you are purchasing a home located in an HOA, and if you don’t like the terms in the HOA resale package you can withdraw your offer and move on to another property.

Thinking about buying a home? Let’s talk, I can help guide you through the process, help you identify the things that are most important to you in a home, and then help keep you on track to homeownership.  Call #YourRealtorJune today!!