If you are thinking about buying a home, you have probably thought about whether or not you should buy a home in a neighborhood that has a homeowners association (HOA) due to the potential for having to pay homeowners association fees, among other things. Besides, do you really want to have someone telling you what you can and can 't do? Well, the answer is maybe. But exactly how do you go about determining whether or not having a homeowners association is a good thing? That 's a legitimate question and one we are going to help you answer. So let 's go over some of the pros and cons of living in a neighborhood with a homeowners association then you can decide for yourself whether or not it fits with your lifestyle and your current family situation. What Are the Pros of Having a Homeowners Association? There are plenty of reasons to look favorably on a community homeowners association. Here are some of the pros of having a homeowners association and what might make the homeowners association fees worth …show more content…
What Are the Cons of Having a Homeowners Association? In some cases, the cons of having a homeowners association far outweigh the pros. However, this is something that only you can decide. And it will be determined by how much you are required to pay each month and if you agree with the community policies that are in place. But here are some of the most common cons of having a homeowners association. Foreclosure Is Possible. It 's not necessarily common knowledge that if you don 't pay your homeowners association fees that they can actually take you to court and foreclose on your home if you don 't pay them. So please don 't make the mistake of moving into a community with a HOA thinking that you just won 't pay the fees, because this will not work out in your favor and could cause you to lose your home. This also means you need to make sure you can comfortably afford to pay the monthly homeowners association fees before committing to any home that is in such a