The Homebuyer and The Community Association (What You Should Know Before You Buy)
Community associations exist because they offer choices, lifestyles, amenities and efficiencies that people value. An estimated 50 million Americans choose to live in condominium and homeowner associations, cooperatives and other planned communities.
Americans make this choice for countless reasons. For many—first-time homebuyers, fixed-income retirees, low-and moderate-income families—a condominium or planned community is often the most affordable way to own a home. Others are drawn to the architectural uniformity of the neighborhood or the landscaping. Still others are attracted by recreational amenities and social opportunities.
