|
What is homeowners association (HOA)?
The entity that charges typically a monthly homeowner's association fee to members. HOA's with fees can be expected for condominium and townhome projects, and in some cases single family developments that are also planned unit developments (talk with your Realtor for specific information about the homes you are interested in). The fees can pay for everything from exterior maintenance, common area maintenance, the insurance policy for the buildings, and more. Talk with your Realtor for the details of the HOA for the projects you are considering buying.
|
