Be aware of HOA fees & what they provide

Being familiar with HOA fees and charges is an important part of budgeting. Though there aren’t any average HOA dues, factors vary from universal expenses shared by the residents and can be charged by the square footage of a unit.  It’s also not uncommon for HOA fees to increase slowly as certain fixed costs of a building increase in price. If a substantial building repair is needed, residents could see either a rapid increase in dues or an added assessment fee.  Knowing about an HOA’s reserves is also important to inquire about when making a high-rise purchase.     Read the article…………..

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