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Home Owners Association -HOA

Home Owners Association – HOA

2-25-2020 by Pamela Slendorn

Most homes if they are in a subdivision come with an HOA (Home Owners Association). The HOA typically covers; Common area maintenance, parks, pools, and irrigation. The cost for the HOA is paid by the homeowner either monthly, quarterly or yearly to an HOA management company. Typically if there is an HOA, there will also be CC&R’s (Covenants, Conditions & Restrictions) rules that define what you can do within the subdivision. When you are ready to buy a home make sure you find out what the HOA covers and the cost, and read the CC&R’s to make sure you are comfortable with them.