Buying your condo, townhouse, or house will likely be one of the biggest financial decisions you make. Some buyers don’t take into account HOA fees that are due every month. It’s an added expense that you should be prepared to pay in addition to your mortgage and property taxes. Your dues aren’t set in stone either – so they will fluctuate depending on projects and assessments. But what happens when the fees are sky-high? These are just a few of the consequences of an HOA that struggles to keep expenses under control.
1. Negative impact on sales of homes, townhouses, and condos in the community.
2. High dues = Money that could be used elsewhere
3. Could impact the sale of their home
4. Can’t keep up with the payments
Slimming down the HOA expenses without foregoing important projects can help lower your dues.
Want more tips? Download our 5 tips on reducing expenses.
Ready to Learn More?
If you want to dig deep into what an HOA is, we got you covered with our ebook “When Fees Are Too High.”
How to Lower Recurring Costs to Lower Your HOA Fees
Every HOA board member dreads the thought of having to analyze recurring bills and contract data. That’s why it’s rarely done, but the payoffs are...
Why Are My HOA Fees So High?
You just bought your dream place after speaking to the HOA and you couldn’t be happier. You already understand what the HOA does, but your HOA dues...
What You Need to Know About HOA Fees
You move into your dream home and almost every house on your block is perfectly kept up. From immaculately painted houses to the mailboxes standing...
