HOA

Definition

An acronym for Homeowners' Association, it is an organization in a housing development that makes the rules for the properties in that development.

Cost Considerations

HOAs charge regular fees to each property and provide certain services, such as upkeep of common areas, swimming pools, etc. to those communities. They also have the right to levy special assessments against each property should funds be needed for special projects. HOA fees can range from $20 per month to several hundred, depending on the property size, location, services provided, and many other factors.

Costs vary greatly by region (and even by zip code). To get free estimates from local contractors, please indicate yours.