Basic Restrictions of HOA's - Are You Ready?

Subdivisions, which contain gated communities, lake communities and golf course communities, are among some of the most popular properties for sale. Subdivision properties offer numerous advantages over homes for sale in more conventional neighborhoods. Subdivisions offer convenient access to facilities such as schools, employment, shopping and recreation. Many subdivisions provide plenty of attractions including community pools and spas to spacious parklands, picnic pavilions and walking trails. Many subdivisions cater to specific lifestyles, such as adult-only communities, which are geared towards active retirees or equestrian communities, where horses are welcome. However, with all these amenities comes a hefty set of rules, which is governed by the homeowners' association (HOA). A HOA is like a town council of a community.

Depending on the type of subdivision you are looking at, a HOA may govern every facet of neighborhood life, even in your own backyard. Some neighborhoods require that owners of property receive permission prior to erecting any structure that is higher than the backyard wall. This could be a problem if you intend to build a greenhouse or a jungle gym for the kids. Other HOAs may not be as active and only serve as a loose form of communication between neighbors. If you are considering buying a home within a subdivision, not only should you feel contented with your new home and the location, but also the rules and covenants of the homeowners' association.

Whatever description your subdivision falls under, they are fun places to live and to make friends with neighbors. Many subdivisions also have what is known as a Home Owners' Association (HOA). This is the governing body for your community. In some areas, this body will be no more than a way to keep in touch with with residents. In other areas, however, the HOA has many regulations that it actively enforces. Some of the types of restrictions can be anything from the number of automobiles allowed to be parked in the street to which colors your home can be painted. If you are considering a home that is located in a subdivision with an HOA, make sure you take the time to read over the rules and restrictions. Make sure all of the rules are things you feel like you can abide by.

While homeowners' associations are great for maintaining appearances, they can surely hinder your individual lifestyle if choose one which may have many rules and regulations which you don't agree with. If you dislike lawn care, then choosing a subdivision that requires lawns to be trimmed to a specific length may not be fit for you. The same is true if you have always wanted to own a horse. Many subdivisions and neighborhoods do not allow livestock. Therefore, it is important to understand the rules and regulations of any subdivision you are thinking of purchasing property in. If you wait until after you have made a financial commitment, you may find yourself resenting all of the rules governing over you and your home.