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What is an HOA and Where is My Money Actually Going?

When you purchase a property in Grand Junction that is governed by a homeowner’s association (HOA) you are paying a mandatory fee monthly, quarterly, or annually. Depending on how upscale (i.e. expensive) the properties in the community are, fees can range anywhere from $100-400/month.


HOA fees typically get funneled into maintaining communal areas like parks, greenbelts, pools, landscaping, and sidewalks. One of the major positives to living in an HOA-controlled community is that homeowners’ property values and quality of life are protected.


However, there are certainly negatives to living in an HOA community. For instance, if you consider yourself a big fan of the color pink and decide you want to paint your house that color, you have to ask permission from the HOA before you paint and if pink isn’t an approved color, tough luck. Many residents dislike HOAs because they feel that they are being patrolled and harassed constantly about maintaining their yards and home exteriors.


In addition to funding communal projects and upkeep, HOA’s also have a set of rules, or covenants, that residents must abide. These rules can include what colors you are allowed to paint your front door, house exterior, what types of basketball hoops you are allowed to display, what kind of trees you can plant, and the list goes on. If you consider yourself a lone ranger type that doesn’t like to be told what to do, perhaps an HOA community is not for you.


Before purchasing a home in this type of community, make sure you know the HOA’s rules and that they home(s) you want to purchase are not already breaking any of those rules. Consider how you will feel when the HOA tells you to tear down that beautiful new shed you built because it isn’t allowed per the covenant. Asking questions now will save you from potential headaches in the future.

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