I think you have to do a lot of research about the particular HOA in the neighborhood before you choose to move into a HOA neighborhood. Some are wonderful, such as ours and some are nightmares, such as the one where a close relative lives in.
A close relative lives in a golfcourse, patio home community, started out as mostly retired people. The HOA is on a power kick. Because the HOA board members are all retired, they literally walk from house to house with clipboards every week noting a single weed in a garden, etc. People are constantly getting notices. However, as new laws are being passed regarding restrictions on the power of a HOA, and younger professionals start grabbing the houses and are aware of these new laws, the retired, overzealous board members are being challenged right and left. The president just quit over improprieties regarding power plays. So, lesson learned - an HOA is only as powerful as you let them be.
As for our HOA - we live in a large subdivision with about 7,000 houses ranging from the mid 500's to over a million. Our fees go to maintaining the pools, tennis courts, miles of trails and greenbelts and the many parks in the community. The HOA has also negotiated a very resident favorable contract for trash removal, which is included in our fees.
Also included in our fees are all the community social events our HOA organizes. Every spring, there is a huge egg hunt for the kids. There are ice cream socials at the pools. There are youth nights, one for the younger kids, another for the high schoolers. Supervision and snacks are all provided for the residents out of the HOA budget. There is a casino night for the adults, and concerts in the parks for families to bring a picnic and listen to. A 4th of July parade with a large pancake breakfast afterwards in the community park is also part of our dues. All this for $35.00 per month and a one time yearly payment of $175.00. Our HOA works tirelessly to get local businesses to donate much of the refreshments or works with the town to open it up to all town people (our development is 75% of the small town) and thus able to use some tax monies for the events and not have to raise our fees.
As for maintaining the neighborhood - we have rules, but the HOA board is reasonable and flexible. There is a book of acceptable color combinations you can paint your house without having to get approval. If you want something different - you can submit it for approval. As long as it is not a bright carribean color (wouldn't go well in our neighborhood), it will probably be accepted. You can park cars in the driveway and on the street. You do have to have your front yard 75% living materials - but it can be xeriscaped and there is no list of bushes, plants, etc.
I wouldn't trade all the social opportunities we get as a family due to our HOA's hard work and dedication to making our community a very family friendly and desired place to live. And being assured that although most people really do care about their home and yard, we will have recourse if Uncle NASCAR
** wannabe moves into the million dollar home next door and starts running a car parts exchange in his driveway. Or if somebody starts to paint their house and doesn't finish that the HOA will gently remind them that it has to be all one color (excepting trim) within a certain time frame.
**No disrespect to any NASCAR fans meant - we actually have a neighbor down the street very into racing. You see his big semi out front once in awhile and his cars are at the track or in his garage. He maintains his sport and his home in a very tasteful way. And because he does, the HOA tolerates his Semi out front for a day or two every so often. And the kids LOVE to see his cars when they are there