TBone
Platinum Member
Same response as to the last "lucky" comment ...
No, it was not luck. I did my due diligence prior to purchase. The HOA home I bought was completely stand alone with no interconnected roofs of other properties. I did have to do a roof repair when I removed my satellite dish prior to sale and I needed no prior approval for that work. Common development properties with common walls or connected roofs add layers of complexity and potential for problems that I don't want. So, in my case, it is not an objection to an HOA, but a desire not to have common walls or common roofs.
This is the problem with blanket statements like: "Never buy into an HOA." There are so many flavors and variants that statements like that cannot stand up. Others had problems with repairs to an interconnected roof-- generating stories of how bad an HOA is. But I don't have an interconnected roof in any of the 3 HOA's I have owned in.
I now own beautiful rural property in Northern Nevada, it has pasture and water rights with ditch water, and a soon to be completed brand new home. Fabulous property and I am lucky to own it. It's the one with the HOA that is legally still in place but defunct from lack of interest or need. Had I heeded the "blanket advice" I would have missed out on a great opportunity. Had I heeded the "blanket advice" I would have also cost myself $150k in profit from the HOA home I lived in while shopping for the larger property.
I see so many buyers not do their buyer investigations and due diligence prior to purchase. I agree that control freaks on an HOA board can be a problem, but I also wonder how many of these "problem situations" arose from buyers who didn't fully understand what they were buying into?
I agree with Plowhog. Blanket statements like "Never buy into a HOA" make about as much sense as "Never buy a Kubota" or "Never buy a house in Texas". Before I bought my last house I got a copy of the HOA rules and covenants and read them carefully. It just so happened I agreed with everything it contained. Please note that I have lived in "the country" for 70 years with no HOA and this is my first experience with one. Ours does not tell us what color to paint our house or even what color the tractor in my back yard has to be. It does prohibit someone from putting a go-cart track on the lot next door and prohibits abandoned vehicles from being in plain view. In short it helps protect my investment I have in my home and makes a more pleasant living environment. Call me strange but I kinda like that.