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this post was submitted on 15 Jul 2023
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It's true, if you buy a place with an HOA in the US (not living there so the thought didn't even reach my mind) you have to check their rules as part of your due diligence. I know it's tempting because the place looks oh so good/the price is low/there are 20 other people waiting but you can dodge some serious bullets of you don't overlook it.
In my neck of the woods you have to be careful about upcoming renovations that were voted by the "HOA" before you buy but have yet to be funded by the homeowners. You can be forced to chip in to pay for a big reno (exterior walls, HVAC...) even though you didn't vote for it. But I guess it can also happen in the States.