HOA Dues

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 stormwater control fee and the road repairs. Without these things, a community cannot move forward with any type of project.

The HOA reserve fund must be protected at all times. And this is exactly where a homeowner can get help from his HOA association. By getting into a homeowner's voluntary plan, a homeowner can contribute to the maintenance of the HOA reserve fund. Through this he would get to save up to a certain amount each month that he would otherwise pay for his HOA dues. On top of that, the homeowner would also get some tax advantages as the funds that come from his contribution are considered part of the homeowners' exemption.

But even with all these benefits, there are still ways through which a homeowner can actually try to get some concessions out of his HOA. The first one is through the use of a special assessment allowance. Special assessments are assessments that would work in favor of a homeowner if his house is less than a certain minimum value. For example, if the house is estimated to be worth two thousand dollars, a homeowner could get an allowance of fifty percent of the estimated value. This is a special assessment allowance that is only available to certain kinds of homes and properties.

Another way to try to get some concessions from the HOA would be to ask for a reduction in the homeowner's dues. There are different ways by which this can be done. For one, a homeowner could propose that his house needs more repairs than what the HOA has agreed upon. This is actually very common, and many HOA communities have come up with ways by which this can be handled. In this case, the HOA would give the homeowner an allowance so that he can be able to pay for the repairs himself.

If all else fails, the last option for homeowners is to seek tax reductions. This too is something that most people end up doing. The HOA would not mind seeing how much money a homeowner would be able to save through this, and therefore most people who get into arguments about HOA dues do end up getting reductions.