How An HOA Works

Dated: 11/18/2017

Views: 150

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.

HOAblog

Blog author image

Joseph Bergamino

Born and raised in New Jersey, Joe relocated to Virginia Beach after his service in the military. Being a Veteran, he strongly connects with the Hampton Roads military community. Joe is extremely pass....

Latest Blog Posts

Celebrate Independence Day At Stars & Stripes Explosion In Virginia Beach!

Virginia has the somewhat elite distinction of being part of America's original union of states, and come Fourth of July it seems only fitting that the town of Virginia Beach put on a show to rival

Read More

Virginia Beach May Get New Mixed-Use Development In Kempsville Area

In Virginia Beach, as in every other place across America, nothing stands forever, especially gently unused buildings, testaments to a former life and a former time. At the corner of South Witchduck

Read More

6 Free Activities to Explore in Virginia Beach

Virginia Beach is not just any beach town—the largest city in Virginia, it offers a wide variety of activities to enjoy for FREE throughout the year. While the oceanfront resort area of the

Read More

The Cheat Sheet: Areas of Virginia Beach

If you live in Virginia Beach, you understand just how delightfully multi-faceted the area truly is; if you are visiting, then you realize quickly that the city offers more to experience than can be

Read More