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HOA stands for Homeowners Association. If you buy a property that is in a development that has HOA fees, then you have no choice, you will pay these fees or they will ultimately put a lien on the property and possibly take it away from you. Some people see no benefits to paying HOA fees and so they don't buy properties where there are fees. Other like being in these types of neighborhoods, as they often offer things like pools, gyms, tennis courts, maintenance of the common grounds or exterior of the buildings etc.
If you don't want to pay these fees, it's simple don't buy in a development where there are fees. Before buying anything you should definitely find out if there are fees, if so how much, and what they cover. These neighborhoods often have all sorts of rules and regulations and their not necessarily bad but you need to know before you buy.
If you don't want to pay these fees, it's simple don't buy in a development where there are fees. Before buying anything you should definitely find out if there are fees, if so how much, and what they cover. These neighborhoods often have all sorts of rules and regulations and their not necessarily bad but you need to know before you buy.
