How Do HOAs Work

How Do HOAs Work


When you purchase a home, there’s a good chance you’ll have to pay a homeowners association fee, especially in gated communities, townhouses, condominiums, and other similar planned neighborhoods. The idea is to keep common areas clean and maintained, and there’s usually an HOA board that is responsible for setting the rules and regulations.

Each HOA is different, but most have the same core elements. You’ll typically pay your HOA fees either monthly or annually, and it’s an important factor to consider when you’re weighing your options for a new home. So what is typically included in your HOA fees?

First, the fun stuff Amenities are typically the big perk of living in a community with an HOA. While you lose out on some of the freedom of living without an HOA, you instead get community amenities like a maintained pool, gym, clubhouse, tennis courts, and other amenities. The HOA fees pay for cleaning and maintenance, so—in theory—you’ll always have a clean pool whenever you want to use it.

Protecting the community HOA fees often contribute to insurance for the community amenities, as well as a fund for unexpected repairs to damaged community property—think damage from weather or accidents.

General maintenance Your HOA fees will go toward maintaining the general safety and upkeep of the community. This means things like elevator maintenance for condominiums, snow removal, and trash/recycling services.

Be active in the association There may be a board of directors, but homeowners associations exist for the betterment of the entire community, and every voice matters. HOA meetings—and the amenities they support—provide great opportunities to meet your neighbors and make your community a better place.


If you have any questions about HOA's, or homes and neighborhoods in the Greenville, Mauldin, Simpsonville, Taylors, Greer, Fountain Inn, Travelers Rest, or Easley area please feel free to give Beth Gaffer a call, at (864)214-6247.



Beth M Gaffer Headshot
Author:
Phone: 919-271-1833
Dated: June 21st 2016
Views: 270
About Beth M: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Top Home Renovations For Maximum ROI - Some Highlights: Whether you are
Saving To Buy A Home - Some Highlights: 95% of first
5 Reasons To Hire A Real Estate Professional - 5 Reasons to Hire a Real Estate
Weighed Down By Rent - To see if you qualify for a

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty South Carolina
711 Fairview St
Fountain Inn, SC
843-593-9750