HOAs are a mixed bag. Many are awful, but deed restrictions can also be beneficial if the rules are reasonable and the buyers are aware of them. This is especially true if you live outside of a City and don't have code enforcement.
My parents now live in the county without an HOA, and the neighboring property is an abandoned collapsed house full of trash and surrounded by decades of dead brush. It's a massive fire hazard that's full of pests..
On the flip side, their old HOA when they lived in the suburbs when I was younger freaked out if we did an oil change on our cars or had the wrong color paint on our window trim.