HOA Fees: The Often Overlooked Cost of Buying a Home

When you’re buying a home, your mind is probably spinning with numbers — mortgage rates, down payments, home prices, and closing costs. But there’s one cost many buyers forget to factor in: Homeowners Association (HOA) fees.

While not every home has an HOA, they’re becoming increasingly common — especially in newer communities. In fact, more than 80% of newly built single-family homes are now part of an HOA. So, what exactly is an HOA, and how do you know if those fees are worth it?

What Is an HOA?

A homeowners association (HOA) is an organization that manages and maintains a residential community. It oversees shared spaces, enforces community rules, and helps ensure the neighborhood stays clean, safe, and visually appealing.

While some homebuyers see HOA fees as an added monthly expense, others see them as a smart investment in their quality of life and long-term property value. It all comes down to your lifestyle preferences and what’s included in those fees.

What Do HOA Fees Cover?

If you’ve ever driven through a beautifully kept neighborhood — manicured lawns, clean streets, and vibrant landscaping — there’s a good chance an HOA is working behind the scenes. Here are some of the most common benefits that HOA fees cover:

🌳 Neighborhood Maintenance

HOAs typically handle landscaping, snow removal, trash collection, and upkeep of sidewalks or common green spaces. That means fewer chores for you and a more polished look for the entire neighborhood.

🏊 Amenities

Want access to a pool, clubhouse, fitness center, or walking trails? These are often maintained and provided by the HOA. In many cases, your HOA fee replaces the cost of separate gym or pool memberships, offering real value.

🏡 Property Value Protection

HOAs enforce standards around things like exterior home appearance, lawn care, and noise. This consistency helps protect your home’s value and ensures your neighbors are held to the same standards.

🧰 Less Personal Upkeep

Some HOAs go a step further by covering things like roof repairs, siding, or other exterior maintenance — especially in townhouse or condo communities. That can save you time, money, and headaches down the line.

Are HOA Fees Always Required?

No — not all homes come with an HOA. But they are very common, especially in newer developments and planned communities. That’s why it’s essential to ask whether a home you're considering is part of an HOA and what the fees and rules are.

Bottom Line: Are HOA Fees Worth It?

HOA fees can feel like just another line item in your monthly budget, but they often provide valuable services and peace of mind. The key is to understand what you're paying for and determine whether those perks align with your lifestyle and priorities.

As your Realtors, we help you consider all aspects of homeownership, including HOA fees, so you can make a confident and informed decision. Whether you're dreaming of a quiet community with walking trails or a bustling neighborhood with shared amenities, Brown McMillen Real Estate, LLC is here to guide you to the right home — with or without an HOA.