A Homeowners Association is an organization that is established to manage a residence. They are responsible for creating the rules of the residence, up-keeping the common areas, collecting fees from residents, and many more things. Many condominiums are run by a homeowners association and even some housing communities have them. There are pros and cons to buying a property that has a homeowners association. For example, if you're a super busy person who doesn’t have time to shovel the snow on your property in the winter, buying a property that has a home owner’s association may appeal to you. On the contrary, if you’re a super creative person who wants to paint the exterior of your house half blue and half orange, buying a property with a homeowners association would be a negative thing. In this particular situation, the members of the association would likely vote on whether or not you can paint your house those colors. Before moving, the association would give you a list of rules to abide by if you want to live in the community. Often times, there are fines if you don’'t abide by the rules.
For me personally, I like to paint my house the way that I want and shovel my own snow. Lol, But seriously, a homeowners association will have a lot of say on what can be done to your property and even the activities that are allowed on the premises. A single-family home is more my taste. Ultimately, it is your decision. Once you are presented with the facts, you can make an informed decision as to what is best for you.
