HOA Living: Is It Right for You? The Pros, Cons & What to Watch Out For!
Hey everyone! Peter Mancini here from Pen Realty, and today we’re diving into a hot topic that comes up all the time in my conversations with homebuyers: HOAs (Homeowners Associations). If you’re searching for a new home, chances are you’ve come across properties that are part of an HOA.
But the big question is… Are they worth it? 🤔
As a real estate professional, I’ve worked with buyers who love the structure and amenities an HOA provides, while others find the rules and fees to be a deal-breaker. So, let’s break down the pros and cons of living in an HOA—and stick around to the end for my must-have checklist to help you make the best decision!
✅ The Pros of HOA Living
🏘️ Enhanced Neighborhood Appeal
One of the biggest perks of an HOA is that it helps maintain property values by ensuring the community stays clean and visually appealing. No overgrown lawns, peeling paint, or abandoned cars in the driveway—just a beautifully kept neighborhood that homeowners can take pride in.
Access to Amenities
Many HOA communities offer resort-style perks like swimming pools, fitness centers, clubhouses, and playgrounds—all included in your HOA dues! This can be a huge benefit, especially if you love a sense of community and convenience.
Community Standards & Peaceful Living
Want to make sure your neighbor doesn’t suddenly paint their house neon green? 🎨 An HOA enforces rules that keep the community looking consistent and helps avoid disputes over things like loud parties, pet policies, and parking issues.
The Cons of HOA Living
Additional Costs
HOA fees vary widely depending on the community. They can be as low as $50 per month or hundreds of dollars depending on the amenities and services provided. Plus, there’s always the possibility of fees increasing over time or unexpected “special assessments” for major repairs.
Rules & Restrictions
Love personalizing your home? HOAs often have strict guidelines on things like exterior paint colors, landscaping, fences, and even holiday decorations. Before buying, make sure their rules align with your lifestyle!
Potential for Disputes
HOA board members are usually volunteers, but not all boards are created equal. Some are great at managing the community, while others enforce rules unfairly or hit homeowners with surprise fees. It’s always a good idea to talk to current residents and get a feel for how the HOA operates.
My HOA Buyer’s Checklist
Before committing to an HOA property, be sure to:
✅ Review the HOA’s Rules & Regulations – Get a copy of the CC&Rs (Covenants, Conditions & Restrictions).
✅ Check Monthly & Annual Fees – Ask if there are any upcoming fee increases.
✅ Assess the HOA’s Financial Health – A well-managed HOA will have reserves for repairs.
✅ Understand the Amenities – Make sure what you’re paying for is worth it.
✅ Talk to Current Residents – They’ll give you honest feedback about HOA management.
My Experience with a Buyer’s Unexpected Dealbreaker
One thing I always remind my buyers is to think beyond the home itself—the community and surroundings matter just as much.
I recently worked with a buyer who loved the house, but in the end, they passed on it because it was on a one-way street that felt too restrictive for their lifestyle. 🚗💨 They realized it would make their daily routine a hassle, and no matter how great the home was, that little detail made a big difference.
That’s why I always say: Don’t just focus on the house—pay attention to every factor that impacts your daily life!
So, Is an HOA Home Right for You?
At the end of the day, it all comes down to your personal lifestyle and priorities. Some buyers love the order and convenience of an HOA, while others prefer the freedom of a non-HOA community.
What do YOU think? Would you buy in an HOA, or do the restrictions turn you away? Let me know in the comments!
Thinking about buying or selling? I’m here to help! 📞 Call me at 917.916.5126 or email [email protected].
And don’t forget to watch my latest YouTube video on HOAs here:
🎥 https://youtu.be/37zdXiiURiI?si=0k3atVARcRngSZ5k
🔔 Like, share, and subscribe for more real estate tips!
#petermancinire #PeterMancini #PenRealty #realestate #referrals #realestateexperts #brooklynrealestateexperts #ASignatureExperience #luxuryliving #HOA #HomeBuyingTips #RealEstateInvesting #HomeOwnership
