Hello Fungirl: Aaron Brown, SELLSTATE Dominion Realty, email@example.com, 202-327-1385, www.aaronbrown-realtor.com
Each Homeowners Association is run independently either by the neighbors in the neighborhood or a management company. You will have to contact the actual Homeowners Association and request a breakdown or index of their services and fees associated with that particular development to get an accurate list. As your realtor I would get that information for you from the listing agent.
Homeowners Association (HOA) fees are funds that are collected from homeowners in a condominium complex to obtain the income needed to pay (typically) for:
exterior and interior (as appropriate) maintenance
HOA fees are typically paid monthly and run on average from $100-$700 per month â€“ these are indeed estimates, and can vary depending on many factors (especially if there are higher-end amenities being provided via the HOA fees such as a concierge, pool, fitness center, or valet). Fees are normally set by the HOA's board of directors and adjusted annually â€“ oftentimes, an HOA board of directors is simply all the homeowners in a complex or building, if it is small, or if there are a large number of owners, the board of directors is typically elected by all homeowners. Any excess HOA fees that exist after paying for pertinent services as described above are stored in an account and called reserve funds.
I look forward to hearing from you.
SELLSTATE Dominion Realty
10268 Lake Arbor Way
Bowie, MD, 20721