Monthly HOA expenses

[Evan O'Brien]

If you were to purchase a property that has to abide by HOA regulations, such as a condo, what monthly expenses are included in HOA costs? Or are the monthly HOA expenses different for each HOA community?

[Patricia Steiner]

Each HOA is different in both its restrictions, fees, and management. A realtor or the property's management office can tell you what the fee is and what is included. An HOA disclosure is to be provided to you with your offer or before and you would be provided the HOA documents and budget prior to closing. Knowing all the facts on a HOA property BEFORE making an offer is critical.

Hope this helps...