7/10/2023 0 Comments Hoa fee meaningIf the playground your HOA maintains has seen better days and needs to be replaced, that’s something that could raise your dues a lot. But if you see there’s been a hefty increase almost every year, you may want to think twice about signing up for them.Īnd finally, asking about upcoming HOA expenses is important, as those could correlate directly to a dues hike. If the dues in question have largely held steady, that should give you some peace of mind. That will give you a sense of the extent to which they might climb.Īsking for a breakdown of what your potential HOA dues have looked like over the past five years might also give you a sense of how much they’re likely to climb in the near term. That’s why it’s important to understand what expenses those dues are paying for. But if those dues start climbing, they could become a real financial burden. It’s one thing to factor your initial HOA fees into your budget and call it a day.
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