![]() ![]() This type of association consists of condominium owners. A POA also takes care of commercial properties and is also typically involved in zoning restrictions.Ī COA, or condominium owner’s association, has similar responsibilities as an HOA. On the other hand, a POA, or property owner’s association, is not limited to residential properties. An HOA primarily deals with residential properties and common areas. ![]() Many people use the terms HOA and POA interchangeably, but these two types of associations do have their differences. These associations run the community by setting and enforcing rules, maintaining common grounds, and coordinating with homeowners. As such, you must weigh out the various pros and cons of living in a homeowners association community before coming to a decision.Īn HOA, or homeowners association, is simply an organization that manages a group of homes in a residential community. Given that it is an important decision, you must make sure it is something you will not regret down the line. Is HOA living even something worth considering?īuying a house is a big investment and one that you must ponder on considerably. If you have never experienced living in an HOA community, though, you may begin to wonder why they are so popular in the first place. With the prevalence of such associations, your house hunting journey may lead you to an option in an HOA. In the United States, over 70 million people reside in community associations. If you are considering whether or not to move into an HOA community, it is important to consider both sides before making your decision. Anyone who has ever tried living in an HOA knows that there are both advantages and disadvantages to it. ![]()
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