{"id":16348,"date":"2021-09-15T10:58:35","date_gmt":"2021-09-15T16:58:35","guid":{"rendered":"https:\/\/www.richmondamerican.com\/blog\/?p=16348"},"modified":"2025-03-10T09:40:09","modified_gmt":"2025-03-10T15:40:09","slug":"what-are-hoa-fees","status":"publish","type":"post","link":"https:\/\/www.richmondamerican.com\/blog\/what-are-hoa-fees\/","title":{"rendered":"What Are HOA Fees?"},"content":{"rendered":"\n
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\"Community<\/a><\/figure>\n<\/div>\n\n\n\n

As more and more neighborhoods are built as planned communities with shared amenities, more and more homeowners are finding themselves part of a homeowner association (HOA), sometimes called a planned community association.<\/p>\n\n\n\n

If a community has an HOA, homeowners automatically become members in the community\u2019s homeowner association when they purchase a home. Membership in an HOA requires that you pay a fee, usually monthly or yearly.<\/p>\n\n\n\n

What are HOA fees used for?<\/em><\/strong><\/h2>\n\n\n\n

HOA fees often go toward common area maintenance and help ensure that the neighborhood stays well kept. The fees may also allow you entrance into the community rec center, fitness center or pool, if your neighborhood has those amenities. In low-maintenance communities, fees may cover snow removal and lawn care.<\/p>\n\n\n\n

HOA fees vary immensely from state to state and from community to community. When you are shopping for a new home, find out the sum of the fees up front so you can accurately assess your monthly budget before you purchase. Be sure to ask what the fees include so there are no surprise expenses at closing or after you move. In addition to monthly or yearly dues, there may be a one-time reserve or capital contribution and\/or a transfer fee that is typically paid at closing.<\/p>\n\n\n\n

HOA FEE CHECKLIST<\/strong><\/h2>\n\n\n\n

What do your fees include?<\/em><\/h2>\n\n\n\n