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Questions You Should Ask When Buying in an HOA

Do not buy your home until you are able to answer the following questions:

  • How much are assessments and when are payments due?
  • What are the assessments used for?
  • What do the assessments not cover?
  • What are your individual responsibilities?
  • How much can assessments increase every year?
  • What is the budget?
  • Are there any pending lawsuits and what for?
  • Are there restrictions on renting the property?
  • Do you like the architectural guidelines?
  • Do you like the president and other directors of the board?
  • Does the board get along well with and listen to the membership at large?
  • What are the rules with respect to outside antennas, solar panels, satellite dishes, flags, pets, clotheslines, fences, parking, home businesses, and the like?

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