Myth: Homeowners’ Association isn't a big deal.

Myth: Homeowners’ Association isn't a big deal.

1Homeowners Associations aren't a big deal. That's today's myth. Is that myth true? 

Welcome to another episode of Myth vs the Truth.

Now let me ask you, does a neighborhood that's being run by homeowners association fit your lifestyle?

Let's think about that. The association maintains order, the visual appeal of your property. Not only that, let's keep in mind it will maintain your property value. So if you like to live in a property or in a neighborhood where the order and the structure is in line with everyone else in there, then that's the kind of property for you.

So, yes, if your lifestyle is different, unless just explore a little bit about the differences. If you like to dance, if you like to party every weekend, if you want to have an extravagant landscaping in front of your house or a basketball court in front of your house, maybe HOA is not for you. You will have penalties after penalties from the homeowners association. And that is not going to be good for you.

So let's talk about the bottom line. Never say that homeowners association is not a big deal. It can be a big deal or it may not be. It all depends on your lifestyle. If you like a formal lifestyle, you want everything to go by rules and regulations. You want your neighbors to maintain their lifestyle outside of their home and your lifestyle, everybody maintains, then it is for you. On the other hand, if you have a casual lifestyle, it's not for you. So pick a neighborhood with association and without association, as per your lifestyle.

I hope you found this information helpful to make your decision on whether purchasing in a homeowner's association or not. See you next week in another episode of Myth vs the truth.