Can EV chargers increase HOA dues? This is a growing concern among many homeowners living in HOA communities. As the focus of the world shifts to more sustainable modes of transportation, the rise of electric vehicles is inevitable. With EVs already taking a sizable chunk…
There are several closing costs associated with buying a home. When you buy into a homeowners association, though, you might come across a unique cost called the HOA initiation fee. But, what is this fee and why does it exist? What Is An HOA Initiation…
The Homeowner Assistance Fund was launched by the federal government in an effort to help homeowners across the United States. In addition to mortgage payments, the HAF may also apply to homeowners association dues in some states. What Is the Homeowner Assistance Fund? The…
This article is provided by Arch Capital Solutions. Arch Capital Solutions specializes in arranging HOA loans for community associations throughout the country. Inflation Is Here Virtually, all economists agree that the economy is humming. The country’s unemployment rate is at the lowest level in…
If you are moving into a neighborhood governed by a homeowners association, then you need to know about HOA fees. What exactly are these fees? And is there a way you can avoid paying them? What Are HOA Fees? HOA Fees Meaning Explained Before…
Part of the HOA board’s job is to prepare the budget and calculate HOA fees for the coming year. Unfortunately, not everyone knows how to do this. You don’t need an HOA fee calculator — the process is easy if you know where to begin….
Lower HOA fees would be the dream for both residents and the HOA board. HOA fees too high for comfort can make a community difficult to manage. Thus, managers often look for ways on how to lower HOA fees and other homeowners association payments. Let’s…
Who pays HOA fees at closing? Does the buyer take on the responsibility or does it remain with the seller? Find out below. Who Pays HOA Fees at Closing? If you’re thinking about buying a home and moving into a homeowners association, you need…