One of the biggest misconceptions about homeowners associations (HOAs) is the monthly fee. These fees are common in communities like condos, townhomes, or any collection of homes that are part of an association.
It’s important to understand that HOAs are usually comprised of homeowners just like you.
Their primary goal is to serve the best interests of the community, which includes all residents.
HOA fees often cover essential services such as trash removal, lawn treatment, and more. The reason these fees can be high is usually due to the lifestyle amenities offered within the community.
Associations that provide services like doorman security, tennis courts, basketball courts, pools, and exterior maintenance (e.g., roofing or stucco) tend to have higher fees.
Remember, the HOA’s role is to benefit the community as a whole. Typically, the monthly fees reflect the level of amenities and services available in the community.
