In this video post, we offer some valuable information about POA’s and HOA’s, and how each can affect Arizona land owners
From the video:
Hey, this is Jeff with Southwest Land Deals. I wanted to take a second and talk about the difference between a POA, which is a Property Owners Association, and an HOA. And of course no homeowners association. A lot of times people want to get out and get off the grid, and they find out that the property has a POA, which is a Property Owners Association. And we get the question of, “What does that mean?”
Typically what that means, is they’re going to charge a smaller fee per year, but then they’re going to maintain the roads. So normally they don’t have a ton of building restrictions in terms of what you can and can’t do, but they just do the general maintenance.
Now, an HOA is going to be probably the most restrictive, and that’s a Homeowners Association. They can get as nitpicky as the color trim that you can paint your house, how many stories you can have, if you can have cars in a parked out in front. Where the POA typically doesn’t govern any of that. They just are maintaining the roads, maybe they’re putting in the power.
Then, if it doesn’t have any POA or HOA, potentially, your neighbor could have a Winnebago, and five trucks, cars, and a boat, and all kinds of stuff sitting out there in front of their house. And that’s great. Some people love to be out there, to just get off the grid and not worry about all that stuff.
But those are the biggest differences. So hopefully that helps. An HOA is potentially the most restrictive. While the POA, Property Owners Association, is typically under $100 a year in terms of their fees, and they just go to maintain everything.
More land is always available SouthwestLandDeals.com, and I look forward to talking with you soon.