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Buying Into a Homeowners Associations — the Pros and Cons

About 20 to 30 percent of homebuyers purchase properties within common-interest developments, commonly referred to as homeowners associations or HOAs. Before weighing the pros and cons of owning a property in an HOA community it’s important to understand what HOAs are, how they are governed and how they affect a homeowner’s bottom line. Here are some basic facts homebuyers should know. read more

How do I Understand Flood Insurance?

It only takes a few inches of floodwater to cause damage to a home than can easily add up to tens of thousands of dollars. But because basic homeowners insurance specifically excludes property damage or loss related to rising floodwaters, some homeowners must also purchase flood insurance. This affords a homeowner protection to cover losses caused by the peril of rising waters outside of the home, particularly if the home is located in an area known for being a flood risk. read more

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