Most new homes have HOAs (home owners associations) and covenants. Covenants are rules and guidelines than a home owner must abide by in a neighborhood. HOAs charge home owners fees to enforce covenants, maintain parts of the neighborhood, or even maintain the houses themselves. HOAs and covenants are almost always attached to condos and town homes, and many single family houses as well. If you buy an older home you may find there is no HOA, but you will still have to follow local government rules. There are pros and cons to HOAs and covenants, some people like the rules
from Invest Four More http://ift.tt/2iMFkKX
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