Homeowners’ fees are growing more than twice as fast as the average home value. New York HOAs have the most expensive monthly dues, averaging $990. West Virginia has the lowest average monthly dues at $37. Between 2005 and 2015, HOA fees rose 32.4% while home prices increased 15.1%. ...
All HOAs have boards made up of homeowners in the complex who are typically elected by all homeowners. These board members will set up regular meetings where owners can gather and discuss major decisions and issues with their community. For major expenditures, all members of the HOA usually vote...