What are HOA fees and what do they cover?
HOA fees are monthly or yearly dues paid to a homeowners association for shared costs such as common areas, exterior upkeep or amenities, depending on the community. They add to your monthly housing cost, and lenders count them. Review the HOA documents before your contract deadlines, which ListingCraft for Buyers tracks.
Ask for the budget, reserve study, meeting minutes and rules, and whether any special assessments are planned.