hoa basics

What is an HOA?

What is an HOA?

If you are in the market for a townhouse, condo, or single family home in a neighborhood, chances are you’ve heard the term Homeowner’s Association or HOA. HOAs are typical in neighborhoods with common areas like a community playground, swimming pool, or walking paths. If you purchase your home in an HOA-governed neighborhood, you won’t …

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reserve study

HOA Basics: Reserve Study

In determining how much should be paid in maintenance assessments each month, the Board of Directors must estimate how much the association is going to spend for operating expenses and how much it must save for future repairs and replacement of common area assets (reserves). A reserve study helps the Board know how much to …

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