-PENNSYLVANIA-

HOA Fees in Pennsylvania

As a first-time home buyer in Pennsylvania, you might be wondering what an HOA fee is. You’re NOT the only one. What does it mean and how does it affect your home experience? Find out in this Q&A. 

Here’s what you’ll learn from this video:

• What an HOA is, what the fee is and what it could cover
• Why you might not want to have a home with an HOA
• How the HOA fee is broken up and how it impacts your home cost
• The one rule that lets you get out of purchasing a home with an HOA during the buying process

WHAT IS AN HOA

If you’re new to the home-buying process in Pennsylvania and wondering what the term HOA means, you’re not the only one. HOA stands for Home Owners Association and refers to a group of individuals or a management company in a planned community or a condominium responsible for maintaining the community. They can take care of common grounds, trash pickup, snow removal, and sometimes even cover most if not all shared utilities. 

WHAT IS AN HOA Fee

The fee, which can be broken up monthly, quarterly, or even annually - is important because not only will it affect your overall housing cost, but it can also affect your way of living as some HOAs impose certain restrictions on home improvements. The fee can also increase year over year. One key thing to note in Pennsylvania is that if you buy a house with an HOA, you are obligated to receive detailed information containing HOA documents and have 5 days to change your mind about the purchase. Did that make sense? Let me know in the comments below! 

Purchasing a Home with an hOA in PA

One key thing to note in Pennsylvania is that if you buy a house with an HOA, you are obligated to receive detailed information containing HOA documents and have 5 days to change your mind about the purchase. Did that make sense? Let me know!