The Pros and Cons of Buying Into an HOA, Explained
What is an HOA?
Pros & Cons of HOAs
Pro #1: Protected neighborhood
Pro #2: Shared values
Pro #3: Fun perks
Con #1: Shared resources
Con #2: Forced relationships
Con #3: Expensive
Costs & Fees of Buying into an HOA
|HOA Fee Type||Annual Cost|
|Low - $100/month||$1,200|
|Average - $200/month||$2,400|
|High - $700/month||$8,400|
The bottom line
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