How much HOA before it makes you think?

[James Kim]

Hi,

I was wondering if anyone buys property in HOAs and if you do, is there a certain threshold HOA annual fee amount that is ok before it becomes something that you "notice"? For example, i have a home where the HOA annual fee is $350 a year and since i bought the property when the interest rates were low enough the numbers work, at least for me. Some homes that I am seeing these days appear to have very high HOA fees like $650 or $700 per year in some communities. Assuming the numbers overall still 'work' for you, is there a number for the annual HOA fee that you live with before it makes you think about it?

when i say it makes you think, I'm looking at it from whether you want to sell the home later, does the high HOA make the home less attractive to buyers etc.

Thank you in advance!

James