HOA fees

HOA fees

 

What are they?

An amount of money that must be paid monthly by owners of certain types of residential property to an organization that assists with maintaining and improving that property and others in the same group

Make sure to ask your realtor (me) before putting an offer in on a home you like if you will have a hoa fee.  Some are monthly and some are yearly.  It can range for 10 dollar to 250 dollar PER MONTH... make sure to know before making a decision, because this is extra on top of what your already paying for your loan.