Investing in townhome within HOA fees

[Randy Reyes]

Im currently looking into a townhome in a good location of town, but it doesn't have HOA. Does anybody know the pros & cons of not having a HOA what is something to look out for? Thanks!

[Alex Zhao]

It really depends on the HOA. I find some of them can be very nosy and micromanagers, but others are genuinely helpful and want the best for their neighborhood.

Can you attend the HOA meetings for the area of the home you are looking at? That might give you some idea of what to expect. An HOA might not be necessary if everyone in the neighborhood takes care of their homes.