eli5: I don’t understand HOA’s

409 viewsOther

I understand what HOA’s do, and was first introduced to the term in a condo building (not mine). I understand in a condo building, or high rise, you’re all sharing one building and need to contribute to that building’s maintenance. But I don’t understand HOA’s in neighborhoods…when you live in your own house. Is it only certain neighborhoods? I know someone who lives on a nice street in a suburb and there’s no HOA. Who decides if there is one, and what do neighborhood HOA’s exist for? Are you allowed to opt out?

In: Other

38 Answers

Anonymous 0 Comments

I live in a neighborhood that has a landscaped entrance with the name of the community, a swimming pool, cabana/party area, baseball field, walking trails, and a fishing pond with a kayak launch.

The pool is the most expensive item to maintain. Particularly every few years when it needs to be resurfaced.

Trees are constantly falling on the hiking trail and need to be removed.

All the fields and entrance need to have regular grass cutting, weeding, and painting. Light bulbs need to be replaced on the signage.

So all of us in the neighborhood agreed when we purchased our homes that we would pay the HOA membership dues which are $1000 per year. It’s part of the real estate sales contract.

At the last HOA meeting a couple of people said that we should add a pickle ball court. The HOA board said okay, if you want that, figure out where it will go, get three bids to install it, and provide that to the board. The next meeting will include discussion on the bids and someone can make a motion to vote on the project or not.

I’d like to point out that while a lot of people shit on the concept of an HOA, Ive never seen crazy people or power hungry board members. I’m sure it happens but not in the two different HOA’s Ive been a member of.

You are viewing 1 out of 38 answers, click here to view all answers.