When you’re buying a condo for sale in Los Angeles, you’ll most likely have to be part of a homeowners’ association. (Learn about HOAs here.) Before you buy in a particular building, though, you need to: Become familiar with the HOA’s rules Decide whether you can live with the HOA’s rules Determine how much the […]
What is a Homeowners’ Association?
When you buy a condominium, you’re obligated to join the community’s homeowners’ association, or HOA. But what is an HOA, and how does it work? What is an HOA? A homeowners’ association is a group of individuals – usually elected – who charge you a set fee for membership. That fee then translates into grounds […]