You may have bought a house in a gated community or a condo downtown. With or without prior knowledge, you learn that a homeowners association manages, to a point, your new home. You could be wondering what that means – It is an organization formed by individual house owners to govern and enforce rules formulated by the homeowners. Here, you become a member once you purchase a home in such an estate. My guess is, you are asking yourself how you may or may not benefit!