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HOA Fees Explained: What Are You Really Paying For?


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If you’ve been home shopping in Massachusetts—or anywhere in the U.S.—you’ve likely come across properties that require HOA fees. But what exactly are these fees? Are they worth it? And what are you really paying for each month?

In this guide, we’ll break down the essentials of Homeowners Association (HOA) fees, what they typically include, when they can be a red flag, and how to evaluate if an HOA is well-managed—or headed for trouble.

🏘️ What is an HOA?

An HOA (Homeowners Association) is a private governing body within a planned community, condo complex, or subdivision. Its purpose is to:

Enforce rules (called CC&Rs: Covenants, Conditions & Restrictions)

Manage shared amenities and property maintenance

Protect the appearance and value of the neighborhood

If your home is part of an HOA, you’re required to pay monthly or quarterly fees to support its operations.

💸 How Much Are HOA Fees in 2025?

In Massachusetts:

Condos in Boston: $400–$1,200/month depending on location, size, and amenities

Suburban townhomes or gated communities: $100–$400/month

Luxury communities: Upwards of $1,500/month

The amount is determined by the annual HOA budget divided among all homeowners.

📋 What Do HOA Fees Cover?

Every HOA is different, but most fees go toward:

🛠️ Maintenance & Repairs

Roofs, hallways, elevators (for condos)

Landscaping, snow removal, trash services

Parking lots, sidewalks, and fences

🏊 Amenities

Pools, gyms, clubhouses, parks, tennis courts

Shared laundry facilities or co-working lounges

Security gates, concierge services

📑 Insurance

Master insurance policy for the building or common areas

Liability coverage for slips/falls on shared property

🧑‍💼 Administrative Costs

Management company fees

Legal or accounting services

HOA board operations

🧱 Reserves

A portion of your fee is set aside in reserves—a savings account for large expenses like:

Roof replacements

Elevator upgrades

Repaving roads or parking structures

🚨 What HOA Fees Don’t Cover

It’s a common misconception that HOA fees cover everything. They usually don’t include:

Property taxes

Interior maintenance (appliances, plumbing, HVAC inside your unit)

Homeowner’s insurance for personal belongings or interior damage

You’ll still need your own HO-6 condo policy or homeowners insurance, depending on your property type.

⚠️ Watch Out for These HOA Red Flags

A well-run HOA is a good sign—but some HOAs can be disorganized or even financially unstable. Watch for:

Underfunded reserves (ask to see reserve study or recent budget reports)

Frequent special assessments (surprise fees to cover unexpected repairs)

Ongoing litigation involving the HOA or board

High turnover in board or management company

Overly restrictive rules (e.g., no rentals, strict paint or décor policies)

Ask your real estate agent or attorney to review the HOA documents during the inspection phase.

🏠 Are HOA Fees Worth It?

That depends on your lifestyle and the property.

💡 HOA Might Be a Good Fit If:

You want low-maintenance living

You value shared amenities

You don’t mind rules that protect neighborhood appearance

You plan to stay long enough to benefit from shared investments

❌ Might Not Be Right For You If:

You want complete control over your property (painting, pets, etc.)

You prefer independent property upkeep

You dislike shared financial obligations or board governance

📑 Questions to Ask Before Buying in an HOA

How much are monthly dues? Have they increased recently?

What is the reserve balance?

Are there any pending assessments or legal issues?

What rules or restrictions apply (e.g., rentals, pets, remodeling)?

Who manages the HOA—volunteer board or paid company?

What is the delinquency rate (how many owners are behind on dues)?

🏁 Final Thoughts

HOA fees are more than just a line item—they represent how your community is maintained and managed. When run well, an HOA can increase property value, reduce headaches, and offer amenities that improve your quality of life.

But when poorly managed, high fees and restrictive rules can cause frustration and financial strain. So always do your homework, ask for the documents, and evaluate the HOA like you would the home itself.

Michael Reilly is a real estate attorney and housing policy advisor with over 15 years of experience helping buyers navigate property ownership in Massachusetts and beyond.


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