5: Make Your Housing Plan — I Want to Own

Homeowners Associations and CC&Rs

Three housesMany newer communities, no matter the type of home, are governed by homeowners associations (HOAs). The primary purpose of an HOA is to maintain property values using covenants, conditions and restrictions (CC&Rs). 

HOA board members are from the community, and they volunteer their services to help administer the functions of the HOA. The HOA follows bylaws stating such things as when they meet, the duties of the members and what voting rights HOA members (homeowners) have.

CC&Rs are the rules the HOA board enforces to help maintain property values. These rules can restrict things such as play equipment, fencing, garbage pickup, paint color choices, exterior home decorations, the use of outdoor clothes lines to hang laundry and roofing materials. 

Because there can be hefty fines for the violating the CC&Rs, it’s important to understand and read the CC&Rs before buying into a neighborhood.

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