For some potential homebuyers, a homeowners association (HOA) isn't top of mind. Admittedly, it is much less hot than floor-to-ceiling windows overlooking a skyline, or maybe a master bathroom with a built-in Jacuzzi. But an HOA is an important characteristic of a household which deserves thorough evaluation. What's an HOA? An HOA is a legitimate entity which manages a shared housing complex, whether it is a condo building, a row of townhouses or maybe a suburban housing development with a shared room. Just about all townhomes and condo fall under the jurisdiction of an HOA. Nevertheless, nearly all single-family houses are "fee simple." Meaning that the home is owned by the buyer and also does not have any obligation to an HOA. If you are uncertain whether a house is just one part of an HOA, question the real estate agent of yours. An HOA collects month dues from its users to fund its actions. When factoring in just how much house you are able to pa