Homeowner associations (HOAs) have become more common over the years than many might think. According to a study in 2018 from the Foundation for Community Association Research, 26.9 million homes in the United States belong to an HOA with the highest concentrations of them in California and Florida. Before buying a home in an HOA, it is important to understand what they are. Here we will illustrate the pros and cons of HOAs so you can be better prepared when you go to buy your next home.
When buying a home there are multiple things to consider. What kind of mortgage are you going to get? Do you want to remodel? However, one of the most important things to think about that many don’t know is whether your neighborhood has a homeowners association (HOA). In this guide we’ll answer all your questions surrounding HOAs like how much they cost, who controls them, and if you can opt-out.
Going solar easily comes to mind if you’re moved by Greta Thunberg’s recent emotionally charged speech at the United Nations climate action summit. Aside from helping the environment curb carbon emission, solar energy use could significantly reduce your electricity bills. However, Home Owners Associations or HOAs in some states may not allow you to install solar panels either because they have a limited understanding of its benefits or they simply just don’t like the idea. As a homeowner who wants to reduce your carbon footprint and reap the benefits of going solar, there are workable things you can amicably do to possibly encourage your HOA to consider the use of solar energy.