A home owners association (HOA) is an organization that is put together by a real estate developer when planning a new development project. This management organization sets the rules and regulations of a community and is in charge of the upkeep of common areas within a development such as pools or landscaping.
As a real estate investor HOA fees are something that have to be accounted for in holding cost estimates. There may be additional regulations that have to be followed when renovating the property. For example, some HOA’s have rules regarding the types of exterior colors that are used when painting a home.
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