Phoenix, Arizona, is the fastest-growing big city in the United States. Hence, the surrounding suburbs are a prime target for homebuyers and real estate investing. However, not every property is created equally. One primary consideration a prospective homebuyer must take into account is whether they want to buy a home in a HomeOwners Association (HOA) Community.
This article will discuss some significant negatives that come with purchasing a home with an HOA. So if You are thinking of buying a home in Phoenix, Arizona, or its surrounding suburbs, keep on reading. By the end, you will have a better understanding of Arizona real estate and confidently search for homes for sale in Buckeye AZ with no HOA.
Renting Your Home is Hassle-Free
If you’re interested in turning the property into an income-producing investment opportunity, be warned that an HOA community may prohibit you. The HOA community may not want people they haven’t vetted into their neighborhood, so they will have to discuss any potential renters you have in mind. Often, they will outright refuse any rental properties from being allowed.
HOA Communities Often Limit the Amount of Cars Allowed
Do you have an extended family who plans on visiting often, or are your kids getting old enough to start driving cars of their own? Well, think twice before purchasing a home in an HOA community as they often limit the number of vehicles allowed per household.
HOA communities often don’t want to see cars parked outside the garage at all. This can be very limiting if you don’t have a traditional family structure.
Your Home and Work Can Be The Same Place
Are you self-employed or thinking of being your own boss? Then an HOA could be prohibitive. Many skilled workers such as carpenters, electricians, and mechanics have had conflicts with their HOA over commercial vehicles and tools visible outside the house. Making your home your business can be a boon to your finances and quality of life; an HOA makes the dream impossible.
Customizing Your House is Extremely Limited With an HOA
Most HOA’s determine what color your house should be, how often your lawn should be cut, what flags or decorations are allowed in the yard, and that’s just scratching the surface. For many, a house is an extension of themselves, a place that defines their life at this moment. Do you want an orange tree in your front yard? Then plant one. Or how about painting your house bright green with white trimming? Well, feel free to paint it that color. This spontaneity is virtually impossible inside the confines of a homeowners association community, and it will get frustrating eventually.
House Hunt with Freedom In Mind
The real estate market in Phoenix, Arizona, has grown exponentially and shows no signs of slowing down over the next few years. If you are interested in living in the fastest growing city in the country, there is no better time to buy.
I hope this article inspires you to shop for homes for sale in Buckeye, Arizona, with no HOA. The restrictions an HOA forces on homeowners always reach a breaking point, eventually. With this article, you can avoid the hassle entirely.