Most of us know that buying a home is a big decision with a lot of variables. Finances, geography, family, friends, lifestyle, work, the list goes on and on. We are all unique, so the perfect home means something different to everyone. One option that you don’t want to overlook, especially if you’re looking towards Retirement is a low-maintenance Property or Condominium. And with these choices. . . you have to learn to Live with Restrictions.

Homeowners association (HOA) and Condo Associations are becoming more prevalent throughout the United States. Millions of Americans live within these types of communities. Homeowners association rules can be what attracts someone to a new home, or what drives them away.  But, if you're on the fence about whether you want to live in an area with an HOA and abide by the rules, it's worth investigating the particular neighborhood and finding out more.

What is an HOA?
A homeowners association is an organization that oversees a group of homes by setting and enforcing rules, as well as maintaining the grounds. HOAs are most common in planned communities and multi-unit dwellings. Those who purchase a home in an HOA community must pay certain fees and dues to live in the community. Oftentimes, potential homeowners must also meet with the HOA to review community rules before renting or buying in the neighborhood. HOA fees can range anywhere from $20 to upwards of $1,000 or more. For some buyers, the idea that a management association can tell you when you can put out a decorative flag or that you can't park your truck in front of your property is a deal-breaker. Also, if you want to run a home based business, an HOA may not be for you. This doesn't mean you can't buy at all within an HOA, but you'll have to find one with regulations that meet your requirements.

  I'm still shopping my kloset since the start of my 60 day No-Buy clothing period on January 30th.  Now, I'm almost 90 days in and...