What Should You Review Before Buying in an HOA?
Over a potential HOA purchase, you should review bylaws, CC&Rs, financial statements, reserve studies, recent assessments, meeting minutes, and pending litigation to confirm costs, restrictions, and governance align with your needs. Key Takeaways: HOA governing documents: review CC&Rs, bylaws, and rules for use restrictions, architectural controls, fee obligations, and amendment procedures. Financial health: examine budgets,…