2007-11-20 00:33:22 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The condo association pays for the exterior of the property which includes, lights, garbage, pools, fitness center (if applicable), painting, roofing, parking lot repairs, landscaping and water. However, each month you pay Home Owners Dues which help to cover the cost of maintaining the common areas. Depending on the size of your complex they can vary in cost from $100.00 per month to $500.00 per month. The last place I Iived was a small 24 unit condo and I paid $300.00 per month, the place I live now has over 136 units and the HOA dues are $109.00 for penthouses and $136.00 for townhouses. Where ever you decide to purchase you need to find out up front what the HOA dues are.
2007-11-20 00:52:32 · answer #1 · answered by Weimaraner Mom 7 · 0⤊ 0⤋
HOA's have been initially created to guard the fee of the community property whilst the subdivision is being built. The contractor ought to rigidity anybody procuring a house to maintain it in teach case standards so the unsold new residences will convey impressive dollar. the concern is what you got here upon. After the HOA is grew to become over to the community voters, a team of nosy cranks are in charge and could make everyones existence a hell. HOA's Covenants additionally shrink the style of means shoppers you have once you bypass to sell. anybody that has dealt with an HOA won't evaluate procuring a house with HOA covenants. in case you do no longer pay HoA expenses, they might record a lien against your residing house for the fees and get the money once you sell your residing house, or in some states, they might sue, acquire a lien against your residing house and rigidity a sheriff's public sale to convey mutually on the lien. You loose your residing house. Now you be responsive to why I easily have in no way, and not in any respect will, purchase a house with HOA covenants.
2016-10-17 12:14:04 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Normally it's between 75-150 per month in association dues depending on where you live.
2007-11-20 00:38:41 · answer #3 · answered by Suzzie Q 2 · 0⤊ 0⤋
It can vary from condo association to condo association. Asking here isn't going to provide you with the kind of information you need. You should be checking with other associations in the area you live in.
2007-11-20 00:38:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Every one is different. I've seen them as low as $50 - $75 per month to well into thousands per month.
2007-11-20 00:51:55 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋