What You Need to Know About Buying in an HOA Community

Bob Wahl
Bob Wahl
Published on March 23, 2018

Buying in an HOA Community in St. Louis

There are quite a few things to consider when buying a townhome, condo, or villa that has a homeowners association. On this episode of The #HeyBob Show I help prepare you for your HOA purchase.

Questions you want to ask when buying in an HOA community:

  1. Do they allow pets?
  2. Can you rent it out?
  3. Are there parking restrictions?
  4. Are there association fees? How much are they?
  5. Do they cover exterior maintenance? Roof? Windows? Landscaping? Snow removal? Trash?
  6. Is there Homeowners Insurance?
  7. How are their financials? Do they have healthy finances? Strong reserves?
  8. Does your HOA property qualify for loan?

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