Is There A Limit When Increasing HOA Fees? What’s The Basis?

To truly grasp the need for fee increases, you must first understand how homeowners associations work. Homeowners associations exist to maintain the community and protect property values. This includes coordinating and paying for various expenses such as landscaping, maintenance, repairs, and the like. And the money used to pay for these expenses comes from the homeowners, who automatically become members of the HOA when they purchase a home in the community.   Read the entire article……………………………….