the insurance premium for the master policy. The exact fee amount is determined by the HOA’s board of directors. The HOA fees may also cover maintenance and property cleaning fees, lobby or pool costs if your home or neighborhood has one, employee costs for keeping up these areas and more...
Standard HO-3 home insurance policies cover damage to your home’s structure, other structures on your property and your personal belongings, as well your liability as a homeowner and the cost for things like food and a hotel if you are displaced after a covered loss. ...
HOA– If you live in a covenant-restricted subdivision, your homeowners’ association may have strict guidelines regarding roofing materials and colors. Alwaysconsult with your HOAbefore reaching out to a roofing contractor. Warranties– Ask your contractor for warranty paperwork for any newly installed...
Your rent might also include utilities or HOA fees. Compare your rent with your projected mortgage payment plus monthly costs for insurance, real estate taxes, fees, and utilities, in addition to maintenance and future expenses. The good news is that the money you pay toward the loan principal...