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Updated over 8 years ago on . Most recent reply

User Stats

55
Posts
16
Votes
Jesse Danzig
  • Real Estate Broker
  • Los Angeles, CA
16
Votes |
55
Posts

hoa's on sfr's in indianapolis

Jesse Danzig
  • Real Estate Broker
  • Los Angeles, CA
Posted

we are looking at $75k-$100K+ sfr's in indianapolis, and many of them come with hoa dues for snow removal or if they are in communities that have a pool, club house, etc. we are generally pretty skeptical of hoa's, but would love to hear your thoughts on them: not a big concern (other than increasing expenses), or something to be avoided, etc.

thanks in advance for any feedback. 

Most Popular Reply

User Stats

55
Posts
16
Votes
Jesse Danzig
  • Real Estate Broker
  • Los Angeles, CA
16
Votes |
55
Posts
Jesse Danzig
  • Real Estate Broker
  • Los Angeles, CA
Replied

thanks for the feedback everyone. 

my general concern is that as with a condo hoa per say, the strength of the hoa is paramount, there is a board that needs to be managed, there could be special assessments which could end up costing you money, and there could be rules regarding rentals, etc. 

@Daniel Dow - without the HOA fee, wouldn't the tenant be responsible for trash and snow removal, along with the other costs of maintaining the house?

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