To HOA Residents, Fees Matter
Residents living in a community with a residents' association (HOA)
appreciate amenities and other benefits, but these features come at a price,
paid for by assessments. Those fees are one of the most important factors
homebuyers consider before buying into an HOA. Regular payments from
residents to their HOA, assessments are often discussed in board meetings
and around the community, but rarely understood.
At Associa, we have a long history of assisting boards in developing
budgets and helping residents comprehend how their financial contributions
impact the community. Read on to learn 13 essential points you, as an HOA
resident, should know about HOA assessments.
