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HOAs - your opinions?
We're looking to buy a single-family (detached) house in the south
Denver metro area. Price range: $250-300K. Some properties that have been coming up in MLS searches have HOA fees that pay for snow and trash removal (most common), sometimes also grounds maintenance, (and even a community swimming pool - don't need, don't care.) The HOA fees would be anywhere from $30 to $170/month (paid monthly, quarterly or annually.) An HOA fee itself would not be a deterrent for us, as we always approach a deal from the total monthly cost of ownership standpoint. However, the two big unknowns that we can think of a - How much/how fast could the HOA fees go up going forward. - How much pain in the @$$ could an HOA be, and how much control would we have over the situation. I know there is no one simple answer to these questions, every HOA is different. But I would appreciate any input from people who've dealt with HOAs before. Cheers |
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