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4 Things You Need to Know if You're Buying in a Homeowners Association

4 Things You Need to Know if You're Buying in a Homeowners Association

Buying a home that's part of a homeowners association (HOA) is different than buying a standard home. It's often the case that condos and townhouses are part of an HOA, but non-attached houses can be part of one as well. Typically, when you buy in an HOA, you're responsible for maintaining your own home, but the HOA is charged with the upkeep of all common areas, like your housing community's playground, gym, or swimming pool.