When it comes to remodeling a home in an HOA, there are some popular misconceptions. People often assume that if the work is inside the home, the homeowner pays for it. If it’s on the exterior, the presumption is that the homeowner association (HOA) will cover the costs.
But it isn’t that simple.
Every HOA home has what are called “common area elements.” Multiple HOA homes share these communal services, which include the waterline, sewage pipes and electrical line.
- If your remodeling project impacts common area elements, the HOA will cover renovations or repairs to these services. This is true even if the work is inside your home.
- If the remodeling project only impacts your home (and no common area elements), you’ll likely pay for all of it.