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A homeowners association (HOA) is a legal entity that governs a community of homes, including condominiums, townhomes, and single-family homes. HOAs operate within state statutes to enforce the rules and regulations and collect assessments from homeowners, all while taking care of maintenance repairs of common areas.

 

Recent studies have shown that over 66 million property owners are part of an association. With so many of us being a part of an HOA, we wanted to recap… why exactly is your HOA important?

 

 

 

 

 

 

 

In general, your HOA will provide a uniform, well-kept community, peace among neighbors and home value protection.

 

 

What are some other questions you might still have about your association? Ask in the comments and we will try to add clarity in a future blog post!