By Will Sing, December 12, 2025
Thinking about buying a home in a community with a Homeowners Association (HOA)? HOAs can provide great benefits—like maintaining common areas and enforcing neighborhood standards—but they also come with rules and fees that can impact your lifestyle and budget.
Before you commit, here are four key questions you need to ask to make sure an HOA community is the right fit for you. (
1. What Does the HOA Cover (and What’s Your Responsibility)?
Not all HOAs are created equal. Some cover exterior maintenance, while others leave that up to the homeowner. Before signing on the dotted line, get clear on:
- Who maintains the roof, siding, and exterior repairs?
- Are landscaping and common areas included?
- What expenses will you need to cover out of pocket?
Some HOAs operate on a studs-in vs. studs-out model, meaning they either cover repairs up to your interior walls or leave everything beyond the common areas up to you. Knowing this upfront will save you from unexpected costs down the road.
2. How Financially Stable Is the HOA?
You don’t want to move in and suddenly face a massive hike in HOA fees. Ask for reserve studies and financial statements to get a sense of:
- Does the HOA have enough money in reserves for major repairs?
- Have there been recent financial struggles or budget shortfalls?
- Are HOA fees expected to increase soon?
If the HOA is low on funds, you could be hit with higher dues or special assessments to cover costs.
3. Are There Any Special Assessments?
A special assessment is an extra charge the HOA imposes when big repairs or improvements are needed—and it’s on top of your regular HOA dues.
Find out:
- Are there any current or upcoming special assessments?
- How much will they cost, and for how long?
- Can the seller cover a portion of it in the sale?
These assessments can add hundreds to your monthly payment, so knowing about them upfront is crucial.
4. What Are the HOA’s Rules and Restrictions?
HOAs have their own set of rules, and they can impact your day-to-day life. Some key policies to check include:
- Pet Restrictions: Are there breed or weight limits?
- Rental Rules: Can you rent out your home in the future?
- Exterior Modifications: Can you paint your front door or add a fence?
These rules can make or break your experience in an HOA community, so don’t skip this step.
Final Thoughts
An HOA can be a great asset or a potential headache, depending on how it’s managed. Asking the right questions upfront will help you avoid unexpected costs and restrictions that don’t align with your lifestyle.
Need help navigating the home-buying process? Let’s chat! You can book a Buyer Roadmap Session to go over your options and plan your next steps. Have questions? Feel free to call or text me at 503-303-0822.
And if you found this helpful, subscribe to my YouTube channel for more real estate insights!
Will Sing
Broker
He/Him
I'm William, a Portland native and real estate agent passionate about empowering clients through education and personalized guidance. Discover how I can help you achieve your real estate goals today! With a background in construction and extensive experience in investment properties and property management, I help clients make informed decisions that align with their financial and lifestyle goals. I’m committed to reliability, building lasting relationships, and delivering insightful guidance that empowers clients.
When not navigating the complexities of real estate, I enjoy listening to audiobooks, swimming, and spending quality time with my wife and our two German Shepherds. To discover how I can help you achieve your real estate goals, If you're looking for more in-depth assistance, you can schedule a free strategy session with me here.
Feel free to connect with me on YouTube, Instagram, or Facebook. Also, check out my Free Buyer's Guide to navigate the home buying process with confidence.
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