Pros and cons of HOAs

Across the U.S., homeowners' associations were 59 percent of newly constructed homes in 2014, up from 46 percent in 2009. Those who already live in HOAs have a story to tell

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  1. Property values for any type of real estate (residential or commercial) are not always constant, certainly not always trending upward.

    But homeowners in common interest developments (aka homeowner associations, or HOAs) are told that a primary reason they pay HOA fees and dues is to help preserve the "look-and-feel" of the community.

    What happens if you pay those fees and you don't get expected results? What happens if you see a serious decline in HOA maintenance?
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