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A Beginner's Guide to HOAs

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HOA FAQS How much are HOA fees? HOA fees vary depending on location and amenities. The average monthly HOA fee is around $125, but you can expect to pay more for a condo or townhome where HOA fees also include insurance and maintenance for buildings with shared walls. Do I have to pay even if I don't use the common areas? Yes. Once you move into a home that belongs to an HOA, you're locked into paying their fees regardless of how much you use the shared parks, pools, and other areas. Always ask about required HOA payments before buying a home and get a clear understanding of what's included with those payments. What kind of things can an HOA regulate? In general, HOAs help ensure owners are properly caring for their homes and a consistent look and feel is achieved throughout the neighborhood. This can include regulating what color you can paint your house or how often you should mow your lawn. Rules will be outlined in the governing documents, which can be viewed upon request before purchasing a home. What happens if I break the rules or don't pay? Most homeowners enjoy the protections an HOA provides. Every association is unique, but typically, any late payment or violation receives a polite reminder. Most violations are resolved at this level, but you may receive several warnings before further action is taken. How does an HOA enforce rules? HOAs will outline an escalation process for continued non- payments or violations. Communication is key, and chances are your HOA will work with you to resolve any issues. In some extreme cases, an HOA may have to take legal action against owners who continue to violate guidelines. Can an HOA board change or add rules? Your HOA's rules aren't set in stone. The board usually has the authority to adopt new rules for the community. However, if these rules significantly alter the governing documents, then a vote by all association members may be needed.

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