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572 Kearny Avenue

Kearny, NJ 07032

(201) 991-5719

homes@midrealty.com

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“Let’s Talk Real Estate! “WHAT DOES AN HOA FEE COVER” February 10th, 2021

Mid Realty officeJarlynn Hyde

Lets Talk Real Estate!

“WHAT DOES AN HOA FEE COVER” 

HOA is an abbreviation in condo language for Homeowners Association Fee.  Every month, the condominium owners must pay the HOA fee to the association.  The monies collected are generally used for the maintaining and improving the properties in the association.  These are areas shared by the homeowners.  While the manner in which the money us used can can vary from the community, it generally covers things like pool and tennis court maintenance, roof maintenance, limited insurance, and termite treatment. If a condominium complex has a golf course, the HOA fee usually provides for that.  It is very important to ask what is covered by the HOA fee when you are buying a condominium.  Fees, mortgage, taxes, insurance, and maintenance are all to be considered when buying a new home.  These are issues you’ll want to be completely familiar with before making a full decision to purchase.  We’ve made our years of experience work  for hundreds and hundreds of happy buyers and sellers in our community, now let them work for you. “OUR SUCCESS HAS BEEN BUILT ONE SATISIFIED CUSTOMER AT A TIME.”

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