How much does having an HOA effect home value? And are all HOA’s bad?

Looking at listings and eveytime I see a nice house in a great area with a price that seems too good to be true, it seems that they always have an HOA. My mothers HOA is so restrictive and awful. My friends HOA is downright obsessive. He is always needing to pay thousands of dollars for this or that…whatever the association wants to do. They decided to replace some areas of the street and he needs to pay $7,000 by next month. I could not live like this. Is it this way with all HOA’s? I realize they serve a purpose but why does it seem they are notoriously unreasonable? How much does it lower home value?

submitted by /u/saynotogrow
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Looking at listings and eveytime I see a nice house in a great area with a price that seems too good to be true, it seems that they always have an HOA. My mothers HOA is so restrictive and awful. My friends HOA is downright obsessive. He is always needing to pay thousands of dollars for this or that…whatever the association wants to do. They decided to replace some areas of the street and he needs to pay $7,000 by next month. I could not live like this. Is it this way with all HOA’s? I realize they serve a purpose but why does it seem they are notoriously unreasonable? How much does it lower home value? submitted by /u/saynotogrow [link] [comments]

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