top of page
  • Writer's pictureChristopher Beatty

HOA Dues Save You Money

Some people question why they have to pay assessments when they move into a condominium, town home, or homeowner association. While assessments may be a technically correct term, the fact is that they are actually property maintenance fees.

Antique Cash Register

When the collective buying power of the entire association is factored in, they prove to be a real bargain for individual homeowners. These fees can cover exterior maintenance, snow removal, landscaping, trash removal, common area up-keep, and sometimes utilities, security, recreation facilities, and more. They also include savings for future big-ticket items like roofs, hot water heaters, and repaving—which means homeowners will not be hit unexpectedly with a special assessment or loan payback when the roof needs to be replaced in a few years.

While the value or need for HOA assessments may not be initially visible, over time they save all neighbors money and lesson the impact of major expenses.

39 views0 comments
Let's Chat!
bottom of page