If the property you’re thinking about purchasing is under the jurisdiction of a Homeowners’ Association, or HOA, we highly recommend checking out the HOA before you commit to the purchase. The reason for this is that an HOA could potentially have a pretty big impact on your experience as a homeowner. Some HOAs are fairly innocuous, designed simply to make sure the community amenities like a shared pool are kept in good condition. Other HOAs have very specific rules about how your property should be managed and maintained. In some states, an HOA can even perform a “non-judicial foreclosure” on a property.
For all of the above reasons, why not ask around to see if there’s an HOA in effect in your potential new home? You can start by asking the realtor or seller, and if you’d like more detailed information, you may be able to get a look at the HOA’s bylaws.