Thursday, September 15, 2011


If you have been shopping for a condo or townhouse you will see in the description of the property given to you by your real estate agent the term HOA fee followed by a price for example $50 it may say quarterly, monthly or yearly what does this mean? This fee could also apply to some homes in a subdivision.

The HOA fee is a maintenance fee that will cover the cost of maintaining the common areas of the property such as lawn maintenance, pool cleaning trash services and even some insurance of the exterior of a structure you are living in such as the roof.

The more amenities that are provided by the complex the higher the HOA fee for example if you are living in a complex that does not have a pool and exercise room or a tennis court your HOA fee will probably be relatively low. Of course if you have many amenities it will be just the opposite. An HOA fee is generally paid by the month and could range from $50 up to as much as $700. The fees are determined by the board of directors of your association. Before purchase in your dream condo or town house be sure to check the HOA fee.

I Disclose:

This policy is valid from 20 May 2011. This blog is a personal blog written and edited by me. For questions about this blog, please contact ADMIN in the comment section in any post. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation. The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always be identified as paid or sponsored content. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. It is the sole responsibility of the reader to weigh the product endorsement as legitimate.