Bob Ramalho

Berkshire Hathaway - Verani Realty

  • Home
  • About
  • Info
    • First Time Seller Tips
    • First Time Buyer Tips
  • Reviews
  • Blog
  • Search for Properties
  • Contact

Bob Ramalho August 11, 2021

HOAs: What Do Buyers Need To Know?

HOAs: What Do Buyers Need To Know?There are many factors that buyers need to consider when they are evaluating a potential property. Sometimes, buyers run across properties that have to deal with something called a Homeowners’ Association, or HOA.

What Do HOAs Do?

An HOA ensures that communities look their best and function well. While HOAs were unusual several decades ago, they are becoming more common. HOAs are typically governed by a board made up of people living in the neighborhood. By ensuring properties look their best, property values could remain high; however, there could also be restrictive covenants in place.

How Much Do HOAs Charge?

HOAs can vary widely from place to place. Fees are usually charged monthly, quarterly, or annually. While some HOA fees might be less than $100, some HOA fees can be a few thousand dollars per year. HOA fees vary significantly depending on the number of people in the community and the amenities in the neighborhood.

HOAs use this money to take care of common areas in the community. For example, HOA fees are usually used to pay landscaping companies to take care of the common areas. HOA fees can also be used to take care of swimming pools, tennis courts, and golf courses that could be in the neighborhood. If there is security, the HOA fees are used to compensate that as well.

What Restrictions Can An HOA Put In Place?

There are many restrictions an HOA could place on a homeowner; however, these vary from neighborhood to neighborhood. Most of these restrictions involve the exterior of the home, as the point of these restrictions is to keep a homeowner from doing something that could adversely impact the home values of other properties. There might be restrictions on the size of trees, certain landscaping work, and patios. Make sure to take a look at these restrictions before buying a home.

HOAs Have Their Benefits And Drawbacks

Like other factors involved in buying a home, HOAs have their benefits and drawbacks. It is critical to work with a lender who understands how to read HOA covenants before making a decision. HOAs can play a significant role in what people can do with their home.

Filed Under: Real Estate Tagged With: HOA, HOA Cost, Real Estate

Berkshire Hathaway Logo

Connect with Me!

How can I help?


0 / 180

Looking For Something?

Recent Articles

  • Why You Should Think Like a Seller When Buying a Home
  • How to Read Between the Lines in a Real Estate Listing
  • Getting Approval for a Short Sale
  • What’s Ahead For Mortgage Rates This Week – June 2nd, 2025
  • How to Stage a Home Without Furniture Using Creative Tricks with Lighting, Scent, and Small Details
  • How a Bad Buyers Agent Can Hurt Your Sale and How to Protect Your Deal
©2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.

 

Equal Housing Opportunity

Our Location

Berkshire Hathaway HomeServices Verani Realty
One Verani Way
Londonderry, NH 03053

Return to top of page

Copyright © 2025 Bob Ramalho. All rights reserved.   Log In