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HOA can increase depending on what amenities are what it takes to upkeep the building and depend on inflation in your area.
For example.....if your building has a pool. A pool company comes out and I'm sure their materials and costs go up year over year so they charge more to clean the pool. So eventually you see a raise in HOA dues.
Multiply this by any other upkeep items in the building....
Other times dues can stay the same if you management company worked out a multiple year contract with vendors and if they shop around the needed services from time to time to make sure their go-to vendor isn't charging more than another vendor that could do the same job.
Or they stay the same if the owners vote not to raise dues and are willing to come out of pocket if a large expense come up. Say the entire exterior needs repainting and its gonna cost $100,000. The HOA owners can vote to raise the dues for $100(or whatever) a month until that $100K is paid off then the dues go back down. Or keep the dues the same and do a special assessment which means every owner forks out $1,000(or whatever) one time to just pay off the $100k all at once.
Then you can get into reserve funds....but that's a whole other conversation.....
105F back home on Friday!
In case you hadn’t heard. It gets hot in the desert southwest during summer.That's just the feels like temp... lol
35C (95F) here tomorrow BEFORE the heat index lol
It's summer so it's expected and there are worse places lol
I didn't realize HOAs were more like actual homeowner groups with local leadership -- I thought they were basically just synonymous with 'Your housing area's administration'. This is good information -- Thanks!
It sounds hotter. That's why I use it. You know this.That's just the feels like temp... lol
35C (95F) here tomorrow BEFORE the heat index lol
It's summer so it's expected and there are worse places lol
We have a "heat advisory" for tomorrow and Friday... Limit your time outside yada yadaIt sounds hotter. That's why I use it. You know this.
High of 75f ( feels like ) here today.
- It is so hot in Maricopa County, Arizona, that people are being brought into the emergency room with significant, sometimes life-threatening burns. For the past three or four weeks of this record heatwave, people have been burned just by falling on the ground.We have a "heat advisory" for tomorrow and Friday... Limit your time outside yada yada
"Red Alert between X times of the day so conserve energy by turning off lights and ****"
Y'all hear about officials asking for people to not charge their EVs in the areas where the temperatures are higher? lol![]()
When I was a child, we would joke about it and actually do this - cook eggs on the pavement because it would be 118F outside and the ground was crazy hot that’d burn you.- It is so hot in Maricopa County, Arizona, that people are being brought into the emergency room with significant, sometimes life-threatening burns. For the past three or four weeks of this record heatwave, people have been burned just by falling on the ground.
Every single one of the 45 beds in the burn center is full, he said, and one-third of patients are people who fell and burned themselves on the ground. There are also burn patients in the ICU, and about half of those patients are people burned after falls.
WOW!.....only 10 homes available(20 more that are pending) in the Dallas area that are not in HOA, under $225k, under 2250sqft with 2 car garage. Only 2 looked decent enough to actually buy, lol.
Maybe 10-15 more outside the Dallas city limits.
This is from a Realtor.com search
Some like hoa’s for amenities. There are some around here with their own private tennis courts, pools, playgrounds, restaurants, bowling alleys and more. Some do your landscaping, mowing, snow shoveling etc. In exchange for being able to use all of those things you pay monthly, quarterly, or annual fees to the HOA.