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How to Beat HOA Dues

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It is not impossible to find out how to beat HOA dues. In reality, it is possible for you to get the results that you are looking for if you put some effort into it. You can easily manage your payments on time and avoid paying additional penalties and fines by taking a proactive approach to your dealings with your HOA. If you have already decided that you want to negotiate with your HOA, the first thing that you have to do is develop a good relationship with your professional negotiator. The people who work for you on the HOA board are called neighbors and they play an important role in the maintenance of your community. Negotiating your ways with the HOA management company will require that you come to them with open arms. This means that you must be willing to compromise on several things such as the size of your home, the type of house that you would like to live in and even the use of your forte or hobby. Once you begin talking to your HOA management, you will realize that there a
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HOA Dues

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Most homeowners would agree that their HOA dues keep on mounting, as they are forced to pay for the special assessments that the community must go through before being re-approved for its regular budget. It is the HOA dues that have the power to scuttle the re-development plans of a community. To avoid these fees, many homeowners are forced to look for possible HOA discount schemes. They know that their HOA dues are only a fraction of what they have to pay when they plan for a community's planned development. This is where planning to join an HOA condominium association comes into play. Through an HOA discount program, a homeowner can actually be able to save up to 50% on the balance of his HOA dues. The HOA reserve fund is what acts as the backbone of any planned development project. A homeowner's special assessments would cover most of the cost of any project, and this includes the special assessments for things such as the HOA manning fee, the sewer, and septic system, the s
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Are HOA Dues Tax Deductible

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HOA dues in some instances are tax deductible, if they meet certain requirements. There are several of them. First, your association dues must be assessed by the HOA. Then, the board will set a budget. It will then submit its annual budget to the general community for approval. The next step is for the association to set the rates for HOA's fees. In most cases, it follows a set formula based on the area where the property is located. The HOA may adopt different guidelines, though. Those guidelines will determine the amount of the taxes that can be charged for various facilities and improvements. It pays to understand how the fees are assessed. In some cases, the rates may even vary by region. You may also be eligible for tax deductibles on the fees for maintaining a common pool. Some areas have limits for how much money can be charged in taxes for maintaining a common pool. Your HOA can also charge its own fees in this area. If it charges its own premiums, it will be easier for you
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