• Thoroughly read and examine the DCC&Rs that govern the community and make sure you can live with and abide by them.
• Get a copy of the financial statements of the HOA and have a person such as a lawyer or accountant examine them to make sure there is nothing irregular.
• Find out what the monthly dues are and make sure you can afford them.
• Find out if a reserve study has been done for long term replacement of major items such as heating, cooling, roads, buildings and roofs and how the reserve requirements are funded.
• Find out if there is any litigation pending against the HOA.
• Determine the last time and how often dues have been raised.
• Find out if there are any special assessments pending.
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