Homebuyer Due Diligence

Healthy HOA Checklist

Your Essential Tool for Guiding Clients Through HOA Purchases

How to Use This Checklist: Before your clients commit to an HOA home purchase, use this guide to evaluate the community's financial health, governance, and long-term viability. A healthy HOA protects your clients' investment and ensures smooth transactions.

Financial Health

✓ Reserve Fund Status

✓ Assessment Trends

✓ Delinquency Rate

✓ Budget Transparency

Close up of HOA community budget while board members discuss hoa management costs

Governance & Management

✓ Management Company Tenure

✓ Board Stability

✓ CC&Rs and Enforcement

✓ Communication & Transparency

community manager from hoa community management company going over hoa documentation with hoa board member

Physical Condition & Maintenance

✓ Common Area Maintenance

✓ Major System Condition

✓ Pending Repairs or Litigation

Top view of a large deep pool with clear transparent cool water with small light waves, well maintained swimming pool

Community Health & Stability

✓ Occupancy Rate

✓ Resident Satisfaction

✓ Resale Activity

Young and senior couples in casualwear putting cooked homemade food on table while preparing for family dinner in natural environment

Legal & Insurance

✓ Insurance Coverage

✓ Pending or Active Litigation

✓ Compliance with State/Local Laws

Lawyers give advice about HOA government documents

Pro Tip For Your Clients

A healthy HOA is an investment in your clients' future.

Encourage them to review all available documents before making an offer, including financial statements, budgets, and CC&Rs. These documents are essential for due diligence and should be reviewed by your clients' attorney.

Questions? Reach Out.

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Shane Toponce

Shane Toponce

EVP of Sales
SToponce@HOALiving.com
(385) 695-6673 direct