If you’re wondering what HOA fees are used for, here are some examples of what HOA fees may cover. If you live in an HOA community or plan to move into one, you can always check your HOA’s governing documents - usually the Conditions and Restrictions document (CC&Rs) - to see what your HOA covers. What HOA fees cover will vary from community to community. This means residents in an HOA community must always pay their dues, even if they paid off their mortgage. HOA fees are independent of mortgage payments or real estate taxes. The association then uses these fees to help maintain community grounds, homes, or amenities. ![]() HOA fees are regular payments that community residents must pay to the association - and condominium residents may pay similar fees to condominium associations. Prospective homeowners should keep these fees in mind when budgeting to buy a home. This means when someone moves in, they automatically become a member of the HOA and must pay HOA dues - meaning monthly, quarterly, or annual fees. While HOA governing boards are run by a select group of volunteers, HOA memberships are mandatory for all residents living within the community. These communities can be subdivisions, condominium buildings, or other planned communities. What Is a Homeowners Association (HOA)?Ī homeowners association (HOA) is an organization that makes and enforces rules within a residential community. With that said, what are HOA fees exactly, and what do they cover? However, you will usually need to pay an HOA fee. ![]() Living in a homeowners association (HOA) can sometimes provide these benefits and more. ![]() Wouldn’t it be nice if you never had to mow your own lawn? Or shovel snow from your driveway? How about having a swimming pool you didn’t need to maintain?
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