HOA Documents: Are They Worth the Money? | Fox Business: Reviewing all those documents takes significant time, energy and effort. You probably should get your lawyer and accountant involved in this review, too. Critical information can be found in the pages, and if you don’t review them, you may miss an issue that will cause you significant financial pain down the road.
In fact, many smart buyers won’t even consider properties in HOA-governed communities.
So before you spend money on the documents, ask yourself: Am I willing to put in the time necessary for due diligence?
For most homebuyers, probably not. Homebuyers concentrate on (and fall in love with) the home's feel and features and aren't inclined to want to deal with another layer of legalities.