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?
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I can’t comment in who decides if there is to be an HOA in a neighborhood.
HOAs in neighborhoods often exist to provide for maintenance if common areas and to uphold covenants agreed to be the neighborhood via the HOA. Common areas typically include things like a park or community pool within the neighborhood, or entrance signage and flowerbeds, etc. Further, the roadways in such developments may be (usually are) the responsibility of the homeowners. The costs for snow clearing and road maintenance are shared and administered by the HOA. As to covenants, the HOA can be responsible for reviewing plans by homeowners for exterior improvements… These are usually oriented towards ensuring a certain continuity of aesthetic is maintained within the neighborhood.
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