The Pros And Cons Of Homeowners Associations

Dated: 02/23/2017

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Homeowners’ associations (HOA’s) are becoming more popular for single-family homes, condos  and townhouses and are the governing bodies of these developments and complexes. Beware, though, when you purchase a home that is a member of an HOA,  you must abide by all its rules and regulations. Here are some pros and cons to consider before becoming a part of a homeowners’ association:

Pro #1 Your neighborhood will look good. This is true because the HOA has established strict rules regarding maintaining a manicured lawn and forbidding parking of boats and other large vehicles on the street or driveway.

Pro #2  You’ll enjoy access to amenities such as fitness centers and security gates.

Pro #3  Your maintenance costs will be shared with others in common spaces, such as the upkeep of the pool or the community lawn area.

Pro #4  You’ve got a built-in mediator. You can use the HOA board or management company to settle disputes with neighbors.

Pro #5  You can get to know your neighbors. If you serve on the HOA board or become active in the association, you may get to know your neighbors.

Con #1 You’ll fork over HOA dues. The dues could end up costing you hundreds of dollars a month, so be sure to add this to your budget.

Con #2 Your hands will be (somewhat) tied.  Although you may wish to make a change to your home, if the change is not approved by the HOA, you may have to change your plans to suit the rules of the HOA.

Con #3 You might be hampered by an HOAs financial woes. If the HOA is undergoing financial struggles, it might hamper you from making a loan to purchase a new home.

Con #4  You’ll lose some of your freedom. Even if you do not agree with the rules, you have to follow them.

Con #5 You might be the victim of a rogue board member. You could encounter a rogue board member who wants to do something you do not agree with, but there’s not much you can do about it other than become a member yourself.

For more information on the pros and cons of homeowners’ associations, see the following link:


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Kristy Bergens

Kristy was raised in Kenner, Louisiana where she met and married her husband. During 2011 she and her family decided to relocate to Mandeville. They are raising their two wonderful children and love l....

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