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Updated over 8 years ago on . Most recent reply

hoa's on sfr's in indianapolis
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

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?