This is for people who live in communities with an HOA. If you don't then STFU, I don't want to hear how you won't live in such a place, etc. - I get it.
The subject of HOA's comes up now and again.
In my case, I only pay $200 a year to the HOA. We are all single family homes. The fee pays for the street lights, mowing the common area (the community entrance) and enforcement of "the rules". The fee was reduced this year from $225 to $200 because we were spending less and growing a balance in the reserve account.
I think ours is so low because (a) we don't have a pool, clubhouse, etc. (b) we haven't had to pay for road paving - think that will be picked up up by the county (c) any costs to conform to the rules is borne by property owners - such as maintaining your property and (d) the HOA board and architectural committee is all volunteer (no pay).
I suppose we could get a special assessment for something in the future - an improvement or a litigation - if something came up.
So far I'm very happy with my HOA. They seem to enforce the rules without being too harsh.
So the question is, do you like your HOA? What do you pay and what do you get for it?
The subject of HOA's comes up now and again.
In my case, I only pay $200 a year to the HOA. We are all single family homes. The fee pays for the street lights, mowing the common area (the community entrance) and enforcement of "the rules". The fee was reduced this year from $225 to $200 because we were spending less and growing a balance in the reserve account.
I think ours is so low because (a) we don't have a pool, clubhouse, etc. (b) we haven't had to pay for road paving - think that will be picked up up by the county (c) any costs to conform to the rules is borne by property owners - such as maintaining your property and (d) the HOA board and architectural committee is all volunteer (no pay).
I suppose we could get a special assessment for something in the future - an improvement or a litigation - if something came up.
So far I'm very happy with my HOA. They seem to enforce the rules without being too harsh.
So the question is, do you like your HOA? What do you pay and what do you get for it?
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