Think you know all there is to know about your homeowners association? Think again. Take our quiz and see exactly how much control the group that's governing your neighborhood has.
Some homeowners associations have voluntary memberships.
There are voluntary HOAs and they can't enforce dues on neighbors. But if an HOA is mandatory, a seller is required to let you know before buying their home because when you sign the deed to the home, you're also signing into the HOA membership.
School buses sometimes are not allowed within the gate of gated HOA communities.
HOAs can create whatever rules and bylaws they deem necessary for their community. So some neighborhoods actually have banned school buses because residents have complained of noise, damage to lawns and risks to elderly residents.
If your car tire is sitting even 1 inch on your grass, you could be violating your HOA's rule that restricts cars from parking on the lawn.
HOA boards have actually penalized residents for inadvertently allowing their tires touch the grass next to their driveway. One Florida resident's car was actually booted in her own driveway for this very "violation."
About 40 percent of all homeowners living with an HOA say they are satisfied with its rule.
Multiple surveys have been done to determine whether homeowners are satisfied with their homeowners associations, but the numbers vary widely. Some associations treat their members respectfully, whereas others do not.
New housing developments are increasingly built with community associations to govern them.
Properties have been built with community associations that will govern them at a steady rate for 50 years. In the 1960s, about 500 HOAs existed in the United States. Today, the Community Associations Institute estimates there are more than 309,000.
When you sell your home, your HOA could charge you several thousand dollars worth of fees.
Some HOAs charge residents fees when they sell their homes. Some charge a flat rate to transfer the HOA bylaws, etc. Others charge a percentage of the home's sale price, which some say is not fair because it's not a set fee across the board for all homeowners.