By David Parks · eXp Realty · The Apollo Group · 2 min read
HOA documents show the rules, finances, and potential costs of owning in an association. Reading them before you buy helps you avoid surprises like special assessments or restrictions you dislike.
Healthy reserves for major repairs, regular dues increases that are reasonable, and clear rules about rentals, pets, parking, fences, and exterior changes. Check what dues cover, such as trash, water, snow removal, or landscaping.
Low reserves, frequent special assessments, deferred maintenance, ongoing lawsuits, and many unpaid dues owed to the association.
Your contract has a deadline to review documents. Start right away, and ask your agent to point out unusual items. Questions about legal effect can go to an attorney.
HOA fees are part of your monthly cost, so include them when comparing homes.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.
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