A community containing a HOA may be a double edged sword. On one hand, the uniform look of the development & ability to control the feel of the community exists. While this may provide for uniformity & reinforce value, potential buyers might feel it is to stifling a way of life. Many of these communities are "sign free" zones which prevent you from putting out real estate signs to sell ur home, putting out the American flag etc. Ask questions prior to purchasing in a community. If your comfortable w/ the restirctions than move forward.