If you’re a current or aspiring homeowner, you may have been wondering what the key distinctions are between the typical condo association vs HOA. Although condominium and homeowners’ associations both represent a given community and help maintain the community, there are some important differences you should know about.
Condominium Associations Provide Care for Most Common Areas
Although the services provided by condo associations can vary, most aim to care for their communities’ common areas and shared services. For example, many condo associations may be responsible for providing:
- General building maintenance for apartments, condos, townhomes and duplexes
- Services for common elevators, sidewalks, hallways and lobbies
- Maintenance and cleanup for community pools, parks and parking lots
Homeowners’ Associations Help To Maintain the Neighborhood and Regulate Home Appearances
Homeowners’ associations, or HOAs, go beyond maintaining common neighborhood areas to sometimes dictating general guidelines for the community. An HOA may:
- Maintain general areas such as playgrounds, community centers, sidewalks and parks or green spaces
- Set rules and regulations for home landscaping
- Set other relevant neighborhood rules, such as limiting the number of paint colors that can be used, the types of home additions that can be built and so on
Whether you’re currently part of an HOA or condo association or whether you’re looking to buy a home and join one soon, knowing the differences between a condo association vs HOA is crucial. These key distinctions can help you grasp their differing roles.