What Is an HOA and How Does It Affect Homeownership?
When you're searching for your new home, there’s a good chance you’ll come across the term Homeowners Association, or HOA. Whether you’re a first-time buyer or just unfamiliar with the term, understanding what an HOA is—and how it can impact your lifestyle—is an important part of the decision-making process.
At Ernest Homes, we’re all about helping you feel confident and informed as you find the perfect home. Let’s walk through what you should know about HOAs before you buy.
What Is an HOA and How Does It Work?
Understanding the Basics of Homeowners Associations
An HOA is an organization within a residential community that helps maintain and manage shared spaces and community standards. The main goals? Preserving property values and enhancing the quality of life for everyone who lives there.
When you buy a home in an HOA-managed neighborhood, you automatically become a member. While this means agreeing to follow certain rules, it also means you benefit from a community that's kept clean, attractive, and well-maintained.
How Homeowners Associations Work
Most HOAs are overseen by a board of directors made up of residents. This board is responsible for making decisions about community policies, budgeting for maintenance, and hiring vendors for landscaping, security, and repairs.
An HOA also manages shared areas like parks, pools, clubhouses, and sometimes even roads and sidewalks. They ensure everything stays in good condition so all residents can enjoy them. In return, homeowners pay fees to cover the upkeep and operations.
Typical HOA responsibilities include:
- Maintaining community amenities
- Landscaping common areas
- Enforcing neighborhood guidelines
- Managing budgets and reserve funds for future repairs
What Exactly Is an HOA Fee?
An HOA fee is the payment each homeowner makes to help fund the community’s expenses. Fees vary depending on the size of the neighborhood and the number of amenities offered.
What Do HOA Fees Typically Cover?
Generally, HOA fees cover services like landscaping, maintenance of shared spaces, community amenities (like pools and playgrounds), and insurance for common areas. Some HOAs may also include trash pickup, pest control, or security services.
What Is an HOA Deposit Fee?
Some communities require a one-time HOA deposit fee at move-in. This fee helps ensure the homeowner agrees to follow HOA rules and pay dues. It is separate from the monthly or annual HOA fees and may be refundable depending on the HOA’s policies.
Pros and Cons of Living in an HOA Community
Advantages
One of the biggest benefits is consistent curb appeal. Because the HOA enforces standards for home maintenance and landscaping, neighborhoods tend to stay attractive—helping protect property values.
You may also enjoy shared amenities like pools, clubhouses, and playgrounds without having to maintain them yourself.
Drawbacks
Some homeowners find HOA rules restrictive. Guidelines may cover home appearance, holiday décor, parking, and even pets. The fees can also be challenging for some, especially if special assessments are required for major repairs.
Common HOA Rules and What to Expect
Every HOA is different, but many have rules regarding:
- Landscaping: Homeowners may be required to keep yards trimmed and neat.
- Home appearance: Rules may regulate paint colors, fence styles, or exterior changes.
- Noise and pets: Quiet hours or pet limits may apply.
- Parking: Some HOAs restrict street parking or limit the number of vehicles.
Find Out if an HOA Is Right for You
Ultimately, choosing an HOA community depends on your lifestyle and priorities. If you value amenities, neighborhood consistency, and less day-to-day maintenance responsibility, an HOA could be a great fit.
Ernest Homes offers a variety of communities with beautiful homes to match your needs and preferences. Ready to find your perfect fit? Browse our available homes and floor plans, or contact us today to schedule a tour!
