Welcome to the Ultimate HOA Resource
Please see our entire clickable library of HOA posts below. We source information that will help you stay updated with the latest articles, tips, and stories about homeowners associations (HOAs). All of our content is original and is constantly being updated. We are aimed at educating and entertaining our audience. We strive to provide value to investors and homeowners alike.
HOA Basics
HOA Definition
We define a HOA or Homeowners Association as a centralized government-like community entity comprised of homeowners of the community that is designed to act on behalf of the homeowners to govern the community in a way that protects and maintains the greater interests of the entire community.
HOA Facts:
There are over 370,000 HOAs within the United States.
All 50 States have HOA communities within them.
It is estimated that US HOAs manage tens of billions of dollars yearly.
California, Florida, Texas, Arizona, and Nevada are states with the highest rate of HOA properties.
Vermont, Maine, West Virginia, Arkansas, and Mississippi are states with the lowest rate of HOA properties.
More and more new homes are being built into HOA-led communities.
It is estimated that around 25% of the US resides within a HOA.
Most, but not all HOAs are structured as non-profit corporations.
The most common types of HOAs are: Single-Family Home HOAs, Condominium HOAs, Townhome HOAs, Master-Planned Community HOAs, Age-Restricted HOAs, and Mixed-Use Development HOAs.
HOA Facts:
There are over 370,000 HOAs within the United States.
All 50 States have HOA communities within them.
It is estimated that US HOAs manage tens of billions of dollars yearly.
California, Florida, Texas, Arizona, and Nevada are states with the highest rate of HOA properties.
Vermont, Maine, West Virginia, Arkansas, and Mississippi are states with the lowest rate of HOA properties.
More and more new homes are being built into HOA-led communities.
It is estimated that around 25% of the US resides within a HOA.
Most, but not all HOAs are structured as non-profit corporations.
The most common types of HOAs are: Single-Family Home HOAs, Condominium HOAs, Townhome HOAs, Master-Planned Community HOAs, Age-Restricted HOAs, and Mixed-Use Development HOAs.
What do HOAs do?
HOAs carry out important functions to manage and maintain communities.
These functions include:
Creating, enforcing, and interpreting community rules
Handling community maintenance
Budgeting and managing community funds
Resolving community member disputes
Where do HOAs fall short?
HOAs can often come up short when it comes to:
Applying and enforcing community rules in an equitable manner
Maintaining transparency of its decision making processes with owners.
Maintaining transparency of its finances
Budgeting and delivering the best value for community funds
Resolving community member disputes
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