I'm currently searching for properties in Houston and Northern Dallas, and I saw some single-family homes have HOA fees with them. I'm not quite sure why there are HOA fees for SFR's. I hope somebody can explain the difference between HOA for SFR's and condos. Should I get into those properties? Thank you in advance for your reply.
Ahn, as mentioned here it is normal to have HOA's at least in the Dallas area. Having said that I live in a neighborhood where some older subdivisions do not have HOA while adjoining newer subdivisions do have HOA. Reach out to me if you need info.
As @Michael Jones has mentioned it shouldn't stop your investment consideration if it still makes sense. One thing to consider is your future tenant has to abide with those HOA by-laws.
Some HOA are also voluntary. For SFR, depending on the amenities, HOAs are designed to protect property values for owners as well.