HOA fees aren’t tax deductible if the property is your primary residence. If you purchased the home as a rental property, you can deduct HOA fees because they’re considered a rental expense. Even if you live in the rental property for part of the year, you can deduct the fees for th...
Where should I keep my down payment? When should I start saving for a house? How can I save for a house quickly? Did you find this article helpful? Share it! Link Copy About the author Rachel Cruze Rachel Cruze is a #1 New York Times bestselling author, financial expert, host of The...
In most instances, the board or management team of a condo or HOA is equipped to handle the wide variety of issues that arise day-to-day, from a leaky roof to dealing with municipal bureaucracy. There are other, bigger issues—things like embezzlement and fraud, for example—that require e...
interest, insurance and HOA fees) should be no more than 25% of your take-home pay. I recommend this percentage so you’re not house poor when most of your paycheck
39. Go Camping If you already have camping gear, head for the great outdoors for a cheap and fun-filled way to enjoy summer. Don’t want to drive anywhere or pay the campsite fees? Camp in your back yard. Pitch a tent, light a fire, and roast some marshmallows under the stars. If...
HOA Information Has Home Owners Association Association Name: Acadia Ridge Association Fee: $60 Monthly Association Fee 2: $110 Monthly Association Fee Includes: Maintenance Grounds Association Amenities: Gated, Pool School Elementary School: Givens, Linda Rankin,Givens, Linda Rankin Middle Or Junior Sc...
Another important consideration when buying a co-op property in Laguna Woods is the higher HOA fees. However, co-op properties include your water, trash, and basic cable, which can make expenses lower overall. It’s important to factor in these fees when calculating your budget for purchasing...
I could easily find a 1 bedroom apartment in my area for $600 or less per month. I highly doubt I could find a quality property for sale that would come up to less than $600 per month when you factor in the mortgage, insurance, property taxes, HOA dues, lost opportunity costs of th...
Settle Outstanding Balances:Pay off any outstanding balances on your credit card before canceling. This ensures that you leave the account in good standing and avoids any potential fees or penalties. Update Automatic Payments:If you have set up any automatic payments or recurring charges linked to...
Due to inflation, though, today’s average fees are likely to be higher. In pricey urban areas, HOA fees can rival mortgage payments, so pay close attention to those costs before buying. You should also consider whether the complex is due for a major upgrade, which could lead to a ...