Is Having A Homeowners Association Worth It?

One of the main purposes of a homeowners association is to maintain the common areas in a neighborhood like the parks and roads. The homeowners in turn are obliged to pay their dues to sustain these amenities. Often, these can be from $100 to $10,000 per year, based on the kind of neighborhood and their amenities. Moreover, not only do the residents have to pay their HOA dues, but they also are required to follow the rule book of the association.

The different regulations implemented by the association differ in each neighborhood but will most likely include your house color, trees you plant, your parking area and if you will have your house rented. Once these regulations are not followed, these homeowners have to pay a fine that is based on the broken rule.

To top it off, these associations even implement foreclosure if residents fail to pay their dues and fines. A study by the Sentinel Fair House reported that about 18 percent foreclosure activities in the five counties studied were caused by homeowners associations. About 70 houses in these five counties where foreclosed for less than $2,500 including legal fees.

Many homeowners are actually satisfied with their associations said Frank Rathbun, spokesperson of the Community Association Institute. These homeowners associations provide good amenities to the residents and even protect property values.

Critics however present an alternative opinion concerning these associations. They say that neighborhoods with homeowners association must offer more disclosure on the different restrictions and laws. One resident even said that it is essentially giving up your property rights when you.

Usually, home buyers do not have a copy of the rules and regulations of the association until after they move in. If they do not ask for the rules of the neighborhood, they will not have a clear idea of what consequences they might be facing and it will be too late to back out.

Ward Lucas
Neighbors At War: The Creepy Case Against Your Homeowners Association

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Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

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