HOA’s: When you don’t like the rules

Louisville mortgage rates today

Greater Louisville Association of REALTORS

If you live in a newer suburban community or planned unit development, you are probably a member of a homeowners association (HOA). It’s also a good bet that you haven’t given your HOA much thought until you have a problem. Since HOAs make and enforce the community rules, it’s smart to understand what you can do if you can’t or don’t want to follow them.

HOA facts

Each HOA, a volunteer group of neighbors who manage common areas of a subdivision, creates its own covenants, conditions, and restrictions. These CC&Rs cover resident behavior, property management, and common responsibilities.

Average annual dues for a homeowners association is $420, according to the U.S. Census Bureau. And there’s value in the fee. A 2005 study, which appeared in the Cato Institute’s Regulation magazine, compared a group of Washington, D.C., area HOA properties with similar homes without community benefits. The HOA house values…

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