What are HOA fees?
Answer:
HOA fees are dues collected from individual
home owners by an established Home Owners Association, or HOA. HOA fees are often determined by an assessment of each HOA member's property. These fees are not optional, and officers of the HOA can penalize members for failure to meet their obligations.

Membership in an HOA may be a requirement for those who purchase homes or condominiums in gated communities, planned neighborhoods or subdivisions.  HOA fees may feel like paying rent, since they are often due on a monthly basis and late fees can be assessed.  In exchange for these HOA fees, however, home owners do receive certain benefits, such as access to a communal clubhouse, pool, walking trail or picnic area.  HOA fees are not meant to be prohibitively expensive, but they can be commeasurate with the general tax bracket of the individual home owners.

HOA fees can be a dealbreaker for some potential home buyers. An HOA has the authority to ensure compliance with established by-laws and regulations, which means a near-stranger in the HOA can legally scrutinize every home in the community for any violation, however minor it may appear.  The benefits of paying HOA fees, such as communal yard maintenance and access to qualified repair people, may be an acceptable trade-off for some loss of privacy, however.
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