Pros and Cons of HOA

Cameron McClellan an exceptional real estate professional will help you visualize and understand in this video, what are the Pros and Cons of living in a neighborhood with an HOA.

Home Owners Associations are also referred to as HOAs, by definition these are formal legal entities created to maintain common areas in either a neighborhood or building. These entities have the authority to enforce rules and covenants as well as levy fines and implement deed restrictions. With rules, fines and restrictions, there are definite pros and cons of an HOA.

Home Owners Associations essentially act as the governing organization for a particular community the HOA oversees things like covenants, restrictions, amenities, and common area maintenance.