Beautiful Virgin Islands

Tuesday, Nov 04, 2025

How to determine if an HOA is worth the monthly cost

How to determine if an HOA is worth the monthly cost

Homeowner's associations can improve a neighborhood, but can come at a steep cost

If you live in a community setting, it’s common to be required to pay a monthly fee for amenities and maintenance of your community.

The collector of such fees and the overseer of the rules of your community is led by a homeowners association, or HOA, a community association that binds homeowners to certain rules and restrictions, says Stephanie Horan, a spokesperson at Today's Homeowner.

"They can consist of individual homes in a neighborhood, condos, townhouses, and co-ops, with rules and responsibilities varying based on property type and location," she explains.

New Homes in Northern California.


What are Some of the Things That a Fee From Your HOA Covers?


According to Horan, HOA fees typically cover the cost of maintenance for community amenities such as swimming pools, parks and green spaces. Some HOA fees also help cover the costs of utilities, she says.

"Ultimately, your HOA fees will go toward keeping your community a clean and safe place to live," Horan tells FOX Business.


What are Some of the Pros and Cons of an HOA?


As mentioned previously, some pros of HOAs are in place to ensure and help uphold high standards for the community you live in.

"They keep the community clean, safe, and fun," insists Horan.

However, the cons include the fact that HOA fees can be expensive.

"Additionally, the rules and regulations set forth by the HOA can sometimes be seen as strict or excessive by people," Horan adds.

Suburb housing development viewed from above, Texas, USA.


How Can You Determine if Your HOA is Worth its Cost?


Horan says it will ultimately be up to the wants and needs of the specific homeowner. If you have a high standard for the livability of your community and don't want to be responsible for maintenance, then an HOA may be worth it, she says.

"If you value more freedom with the choices you make regarding your home and don't mind completing regular maintenance yourself, it may be best to avoid communities with HOAs," Horan tells FOX Business.

Can HOA free increase year to year?


Judy Dutton, spokesperson with Realtor.com, says HOA fees can get higher year to year, or whenever expenses escalate due to major repairs or new projects.

"The best way to anticipate whether fees will rise is to check the Covenants, Conditions & Restrictions or CC&Rs’ history for fee hikes or ‘assessments,’ which are temporary fee hikes," she says. In addition, it’s a good idea to check the HOA reserve fund, Dutton says, which is dipped into to pay for unforeseen costs without needing to hike residents’ HOA fees.

"A healthy reserve fund is a good thing to see," Dutton tells FOX Business.


How Does an HOA Fee Provide Peace of Mind and Convenience for the Homeowner?


HOA fees provide peace of mind and convenience for homeowners by taking care of maintenance and repairs you might not want to deal with on your own, says Dutton. For example, not needing to clean a pool or repair the pump if it breaks.

HOA's can help pool costs of neighborhood beautification and negotiate better deals with landscaping companies.


Also, says Horan, your HOA can help provide peace of mind by ensuring the community is safe and well taken care of.

"For example, many HOAs arrange for snow removal during the winter," Horan continues. "Homeowners in these communities can enjoy the peace of mind of knowing that they will drive more safely and avoid slipping on sidewalks. HOAs can provide convenience by taking care of regular maintenance like pest control and community landscaping."

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Wilt Chamberlain’s One-of-a-Kind ‘Searcher 1’ Supercar Heads to Auction
Erling Haaland’s Remarkable Run: 13 Premier League Goals in 10 Matches and Eyes on History
UK Labour Peer Warns of Emerging ‘Constituency for Hating Jews’ in Britain
UK Home Secretary Admits Loss of Border Control, Warns Public Trust at Risk
President Trump Expresses Sympathy for UK Royal Family After Title Stripping of Prince Andrew
Former Prince Andrew to Lose His Last Military Title as King Charles Moves to End His Public Role
King Charles Relocates Andrew to Sandringham Estate and Strips Titles Amid Epstein Fallout
Two Arrested After Mass Stabbing on UK Train Leaves Ten Hospitalised
Glamour UK Says ‘Stay Mad Jo x’ After Really Big Rowling Backlash
Former Prince Prince Andrew Faces Possible U.S. Congressional Appearance Over Jeffrey Epstein Inquiry
UK Faces £20 Billion Productivity Shortfall as Brexit’s Impact Deepens
UK Chancellor Rachel Reeves Eyes New Council-Tax Bands for High-Value Homes
UK Braces for Major Storm with Snow, Heavy Rain and Winds as High as 769 Miles Wide
U.S. Secures Key Southeast Asia Agreements to Reshape Rare Earth Supply Chains
US and China Agree One-Year Trade Truce After Trump-Xi Talks
BYD Profit Falls 33 % as Chinese EV Maker Doubles Down on Overseas Markets
US Philanthropists Shift Hundreds of Millions to UK to Evade Regulatory Uncertainty in Trump Era
Israeli Energy Minister Delays $35 Billion Gas Export Agreement with Egypt
King Charles Strips Prince Andrew of Titles and Royal Residence
Trump–Putin Budapest Summit Cancelled After Moscow Memo Raises Conditions for Ukraine Talks
Amazon Shares Soar 11% as Cloud Business Hits Fastest Growth Since 2022
Credit Markets Flooded with More Than $200 Billion of AI-Linked Debt Issuance
U.S. Treasury Secretary Scott Bessent Says China Made 'a Real Mistake' by Threatening Rare-Earth Exports
Report Claims Nearly Two Billion Dollars in Foreign Charity Funds Flowed into U.S. Advocacy Groups
White House Refutes Reports That US Targeting Military Sites in Venezuela
Meta Seeks Dismissal of Strike 3’s $350 Million Copyright Lawsuit
Apple Exceeds Forecasts With $102.5 Billion Q3 Revenue Despite iPhone Miss
Israel's IDF Major General Yifat Tomer-Yerushalmi Admits to Act Amounting to Aiding Hamas During Wartime (Treason)
Shawbrook IPO Marks London’s Biggest UK Listing in Two Years
UK Government Split Over Backing Brazil’s $125 Billion Tropical Forest Fund Ahead of COP30
J.K. Rowling Condemns Glamour UK Feature of Nine Trans Women as 'Men Better at Being Women'
King Charles III Removes Prince Andrew’s Titles and Orders His Departure from Royal Lodge
UK Finance Minister Reeves Releases Email Correspondence to Clarify Rental-Licence Breach
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
×