Twitter Chat 8/28 Q6: What would be better for me a home with HOA fees or without?

Asked by Trulia, San Francisco, CA Tue Aug 28, 2012

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Tara-Nicholle…, Agent, Alameda, CA
Tue Aug 28, 2012
Depends on your priorities and budget! HOA fees often cover other expenses non-HOA homes’ owners pay out of pocket: garbage, hazard insurance, etc.

Think about whether you’re prepared and able to participate in HOA fully before you buy a home in one: review financial docs, attend board mtgs., etc.

Also, make sure HOA has cash in reserves and a plan in place for repairs to buildings and common areas for years to come to avoid big surprise assessments.
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