Buyer Tips: What you Need to Know About HOA Fees
Posted by Carey Frankel on
Homeowner Association Fees, otherwise known as HOA fees, are fees imposed on many condominium or single-family St. Augustine homes that are located in subdivisions or formal communities. HOA fees can vary widely in price, from as little as $50 a month to as much as $400 or more a month. These fees may substantially raise your monthly housing budget.
Understanding the details of a home's HOA fees, how they work, and what they cover will help you make the best decision regarding the purchase of a home.
The services covered under HOA fees may include: lawn and landscape maintenance (for your property, common grounds or both), snow removal, community amenities, such as swimming pools and tennis courts, security services, trash removal and utility fees,…
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