When searching for a new location to buy a home, you may find several types of townhomes, condos, or communities with HOA’s (Homeowner’s Associations). HOA’s are volunteer organizations within committees designed to create a cohesive environment for the local homeowners.
Owning a home in a community managed by a Homeowner Association, or HOA, has substantial benefits. According to HOA Management.com, topping that list is the protection of property values through a program of maintenance that covers the whole community. An HOA also takes the pressure of complying with local and state land use regulations off the individual.