HOA fees cover the common areas of a community and typically cost $200-$400 each month. Communities with amenities like swimming pools, clubhouses, and exercise facilities typically cost more than those without. When you make payments to the HOA will vary; it could be monthly, quarterly, semi-annually, or annually.
How will your HOA expect to be paid? The details will be in the covenants that you received when you closed on your house. Some will send out bills, while others will expect you to remember to make the payments. It is rare for HOA payments to be included in your mortgage bill, so be sure you’ve budgeted for these fees when you’re figuring out how much house you can afford.
It’s imperative that you know how and when your HOA would like to be paid and then keep up with the payments. Unpaid dues can become a lien on your home and cause title problems when you want to sell the property.