Mark Burns is Associate Professor in the Department of Political Science and former Director of the Health Administration Program at Auburn University.
HOA fees are based on a variety of things. The management association bidding to run an HOA determines the hard costs of things like utilities, landscaping, pool maintenance, administrative costs like attorney fees, billing and postage plus any other required overhead.They then add on their profit margin for servicing the account.he management association bidding to run an HOA determines the hard costs of things like utilities, landscaping, pool maintenance, administrative costs like attorney fees, billing and postage plus any other required overhead. They then add on their profit margin for servicing the account.
Okay, forgive me for asking what is probably a fairly basic question, but I've never lived anywhere before where I've had to deal with a Home Owners Association. 1 - On average, what will an HOA run you in fees/dues every year? 2 - What do you receive for that money? 3 - Any pros or cons to being saddled with an HOA?