Articles
Effective Strategies for Communicating HOA Fee Increases
As an HOA board member, you are responsible for overseeing your community's financial well-being. This role requires a delicate balance between maintaining essential services and managing the budget effectively, especially in the face of rising operational costs. With every decision, the impact on both the community's finances and resident satisfaction must be considered. A recent study shows that the median cost of HOA fees in more than 40 of the country’s most populated metro areas jumped by 5.7 percent in the past year. This uptick illustrates the growing financial pressures on communities nationwide.
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