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Buying a Home With an HOA

If you’re considering buying a home that’s part of a homeowners association, it’s important to understand the details of how it operates, |  HOA exist to benefit their members by ensuring property values stay high and promoting community enjoyment, among other things.

They do this by implementing sound fiscal management and establishing standards for upkeep and conduct that help keep the community looking good. This is often outlined in the CC&Rs, or Declaration of Covenants, Conditions and Restrictions, and the bylaws that govern the association.


If you’re buying a home in a community that has an HOA, be sure to ask for copies of the association’s Covenants, Conditions and Restrictions (CC&Rs). These are the rules that govern everything from who can use the swimming pool to how often a member can paint their house.

These documents are important because they can help you decide if an HOA is right for you. They also give you a general idea of what kind of services you can expect from the association.

As a rule, fees are based on the property’s size and the amenities available. The more services and amenities a property has, the higher the fees are likely to be.

These fees typically cover the costs of maintenance and operation of common areas, such as lobbies, pools, tennis courts, elevators and clubhouses. They can also help pay for insurance policies and security guards. In addition, a portion of the fees will go toward reserve funds, which are a savings account that the association can dip into to cover unexpected expenses.


HOA insurance is a type of policy that’s designed to protect communities that have common spaces. These can include roofs, stairways, clubhouses, playgrounds, pools, green spaces and sidewalks.

This type of coverage comes into play when a person or property damages these items, and it can also be used to pay for legal fees and replacement costs in case of injury. It’s important for all homeowners associations to purchase this kind of policy.

Whether your HOA is comprised of single-family homes or condominiums, there are several different types of policies to choose from. The amount of protection varies, and location can also play an important role.

Ensure your association is properly covered by reviewing its governing documents and referring back to them when considering new policies. Additionally, make sure your board isn’t paying for insurance that should be the owners’ responsibility by requesting an insurance responsibility matrix.


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