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Updated almost 6 years ago,
How do developers determine HOA fees initially?
Extremely new to Re devlepment here...upon my own studying I noticed that HOA is a huge component in determining the for-sale price in development projects. I'm wondering if anyone can share their experience in determining the HOA for a residential condo project? Do you get a quote from a management company? Do you look at how much neighboring communities are quoting for HOA? Thank you.