Home Owners Association (HOA) is an entity on its own in the state of Nevada. I don’t know how they did it, but they have more authority than most entities. They make up their own rules, time lines, budgets, fees, board members and the list goes on. There is very little in the Nevada Revised Statutes that governs them or keeps them from fining you for many different reasons. I have seen someone get fined for talking on their phone outside!! The other thing is the HOA fees or dues, can go up depending on what needs to be replaced or repaired. When it comes to your monthly mortgage payment, the HOA fee will be included in your qualifying payment. Which in pure simple terms means, you may have to buy a lower priced home in order to afford the payment that you qualify for. Without that HOA fee you could possibly qualify for a higher loan. Make sure you are comparing apples to apples. Good side – an HOA often includes the maintenance of many amenities that YOU don’t physically have to maintain; such as pools, ponds, green areas, walkways and sometimes even your homes exterior paint. Some projects even have tennis courts or clubhouses as well. Just keep in mind what your lifestyle is and whether it is a necessity or not. When purchasing into an HOA it is a good idea to be able to read the 3 most current HOA meeting minutes, so you can see if there are any “community” problems discussed that will need attention in your near future. You can learn other types of info as well; like who is leading the pack, so to speak, and who or what seems to be a thorn. Also, ask for the 3 most current P&L’s (profit and loss statements) so you can see just how solvent the HOA is and what they are saving for etc. Then, compare the overall look of the complex. Are they doing their job to upkeep it? Does it look like money well spent or not enough spent? When you are ready to purchase in an HOA governed community, you need to read the CC&R’S which will tell you what is and isn’t allowed. This will pertain to attributes like parking, visitors, rv’s, motorcycles, garbage cans, cell phones etc.