Townhomes with HOA VS. single family homes

[Nancy Ayala]

Hi guys just seeing what your experience has been on purchasing townhomes that have high HOA or single family homes any advice would be appreciated thanks! In my town the price of a new townhome almost is comparable to single family homes (Utah county, UT)

[Michael J Scanlon]

I actually like buying townhomes sometimes if the HOA is well run. It saves you from needing to put away significant funds for Capex issues like the roof, foundation, etc. because this is handled by the HOA. Just make sure they have sufficient reserves and no planned special assessments. You also want to make sure any sellers are in good standing with the HOA.