Homeowners Association (HOA) fees are a common expense for people who purchase a property in a community that is governed by an HOA. If you are a resident of California and wondering what HOA fees cover, this article is for you. Generally, HOA fees cover the expenses for maintaining the common spaces of the community. These expenses include:
Landscaping and Gardening: HOA fees are responsible for maintaining the green areas, taking care of the plants, and keeping the garden areas in pristine condition.
Swimming Pools: HOA fees cover the expenses required to clean and maintain swimming pools in the community.
Tennis Courts: The HOA fees usually cover the repair and maintenance costs of the Tennis courts within the community.
Clubhouse: Most HOA communities have a clubhouse that is open for residents’ use. HOA fees cover the community clubhouse’s maintenance and repair costs.
Elevators: For communities with elevators, the HOA fees cover the maintenance expenses required to keep the elevators in good working condition.
Utility Bills: In some cases, the HOA fees cover certain utility bills such as water/sewer bills and garbage disposal services.
It’s important to understand that HOA fees vary depending on the community and the amenities provided. Before signing a contract to buy a property in an HOA community, always ensure you have a clear understanding of what is covered by the HOA fees. Overall, paying HOA fees can be beneficial since the community amenities are well-maintained, and it keeps the community looking good.
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