What are HOA fees?
If you are in the market for a new home, one question you might have is, “What are HOA fees?” HOA (Homeowners Association) fees are monthly payments that homeowners make to the association to maintain the property or community in which they live.
HOAs are typically found within communities comprised of townhomes or condominiums (but it could also extend to single-family houses). HOA fees are typically in place to keep the community looking uniform without any own homeowner making dramatic changes to the home that would set it apart, such as painting it hot pink, for example.The precise services they cover depends on the area where you are moving, but these might include:
Lawn care/landscaping around the community
Golf course upkeep
Other amenities (fitness center, etc.)
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