HOA or No? The Pros & Cons of having one
HOA or No? The Pros & Cons of having one We get this questions a lot when working with buyers. Some buyers have very strong opinions one way or another; HOAs will either be a requirement or a deal breaker. Other buyers don't really have a good idea of what an HOA really is or what they do. And sometimes peoples' strong opinions about an HOA can be formed by a bad experience with one, so they feel like they are all bad. Well, I am hoping to just educate so you will understand in order to make an educated decision when it comes time to decide if a property is right for you. First off... What is an HOA? A Homeowners Association or Property Owners Association is a legal entity that must be established. It works as a nonprofit that is set up like a business or corporation. The job of the HOA or POA is to manage and maintain the community or neighborhood. It is kind of like a mini government and if you live in the Bryan ~ College Station area most HOAs are heavily backed by the c...