What to Know Before Buying a Home in an HOA Community

Capitol Companies | Capitol Property Management

If you're in the market for a new home, there’s a good chance you’ll come across properties located in homeowners associations (HOAs). These communities are known for their polished appearance, shared amenities, and consistent upkeep—which is why so many buyers are drawn to them.

But before moving forward with an offer, it’s important to understand exactly what HOA living entails. At Capitol, we’ve worked with hundreds of communities and homeowners, and here’s what we think every buyer should know:

📘 Review the Governing Documents

Before buying, it’s essential to understand the rules that govern life in the community. Ask for the HOA’s governing documents, including:

• CC&Rs (Covenants, Conditions & Restrictions) – Restrictions on home appearance, pets, fencing, etc.

• Bylaws – Outline board responsibilities, elections, and meeting processes

• Rules & Regulations – Everyday policies, like parking rules or trash schedules

  
  

Reading these ahead of time will help ensure the community’s standards align with your lifestyle.

💵 Know What HOA Fees Cover

One of the most common questions buyers have is about HOA fees. These assessments—typically charged monthly or quarterly—help fund the daily operation of the community. They usually cover things like:

• Landscaping and grounds maintenance

• Upkeep of shared amenities (pool, gym, playground)

• Insurance for common areas

• Contributions to reserve funds for future repairs

  
  

You should also ask if there are any special assessments planned or if fees are likely to increase in the near future. Understanding the financial obligations up front will help you budget accordingly.

📊 Check the HOA’s Financial Health

When you buy into an HOA, you’re also buying into its financial future. Before closing, review:

• The annual budget

• The most recent reserve study

• Any existing debts or unpaid bills

  
  

A financially sound HOA will have healthy reserves and a responsible approach to budgeting. Communities managed by Capitol benefit from transparent reporting and strategic financial planning that helps reduce the risk of future surprises.

🧑‍💼 Understand Who Manages the Community

An HOA’s success depends heavily on its management. Some communities are self-managed, while others hire professionals.

A professional HOA management company like Capitol can help streamline daily operations, support your board with expert financial and administrative guidance, and ensure the community runs efficiently. Our proactive management approach helps preserve property values and creates a well-maintained, desirable place to live.

If you're looking for a reliable partner to elevate your community's success and leave a lasting impression on current and future residents, Capitol is here to help. With decades of experience and over 130 communities served, we’re committed to providing exceptional service tailored to your association’s unique needs.

📩 Learn more about our HOA management services at www.capitolcorp.com

🏡 Get to Know the Community Culture

Beyond the rules and fees, it’s just as important to understand the vibe of the neighborhood. Before committing:

• Walk around and observe how the grounds and homes are maintained

• Ask about social events, committees, or community initiatives

• Review recent board meeting minutes or attend a meeting, if possible

• Talk to current residents to hear about their experience

A well-maintained, friendly community is a great sign of strong engagement and responsible management.

Final Thoughts

Buying a home in an HOA can come with major perks—from shared amenities to well-maintained surroundings—but it’s important to go in with eyes wide open.

At Capitol, we’re proud to manage communities where residents feel confident in their investment and proud of their neighborhood.

📩 Have questions about HOA life or want to learn more about how we help communities thrive? Reach out or request a proposal at capitolcorp.com