Living in a Managed Community

A Homeowners Association (HOA) manages common areas and enforces rules within a community or building. While HOAs collect monthly or annual fees, they provide benefits like maintaining landscaping, pools, gyms, and building exteriors, which can preserve property values. However, it's vital to review the Covenants, Conditions & Restrictions (CC&Rs) before buying. These rules can govern everything from paint colors and fence styles to rental policies and pet restrictions, significantly impacting your lifestyle.