Should you consider purchasing in a community governed by a homeowners association (HOA)? - Tatyana Sturm

Here are some helpful hints when considering purchasing in a home that has HOA's:

Request the HOA's financial documentation to make sure that they are funded and can pay for what they promise to provide you.
Check how much and how often the fees incure. What does the HOA provide to you? Is it worth the amount they are charging?
What are the restrictions the HOA will make you follow as a homeowner in their community? Can you abide by these rules?