National: Buying a home in an HOA community? Caveat emptor!

By RON PAGANO5:48 p.m. EDT April 10, 2015

It’s springtime and people are thinking of buying their dream house. However, if you are looking to buy in a community governed by a homeowners association, you may want to think again.   I’ve lived in several HOA communities. From my experience, they all promise to make life incredibly delightful, from taking care of residential lawn and common area maintenance to making sure property values are maintained by keeping house and trim colors neutral and not allowing your somewhat eclectic neighbor from putting up sculptures of famous landmarks on the lawn.

Some HOAs are stricter than others.

Then there are those HOAs that are so ineffective you wonder why you are paying monthly and/or yearly fees for such terrible services.

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