Simply put, a homeowner association or HOA fee (aka HOA dues or HOA levies) is a monthly or quarterly sum paid by homeowners living within the HOA community to help maintain all properties, amenities and common areas within the association.
There are a variety of different services and costs that can make up your HOA fees, and the services that an HOA offers will vary depending on the community’s needs. So if you happen to be looking at a variety of homes in different HOA communities, you can compare what each costs & offers. Learn more about why HOAs exist.
Want to learn more about your HOA? Run a free Eli Report!