A Homeowners Association (HOA) is an organization in a residential community that makes and enforces rules for the properties and residents. When you buy a home in a neighborhood with an HOA, you agree to follow its guidelines, which can cover everything from lawn maintenance to architectural changes. The goal is to maintain property values and ensure a pleasant living environment for everyone. HOAs typically collect monthly or annual fees from homeowners to fund community services and amenities, such as swimming pools, parks, and clubhouses. They also handle common area maintenance and may organize community events, fostering a sense of belonging among residents.