The Bad PlaceUS Top News and Analysis | HOA fees are soaring — use these tools to keep your unit affordable
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Rising homeowners‑association (HOA) fees—up 44% to an average of $757 between 2024 and 2025—are straining budgets as insurance premiums, deductibles, landscaping, snow removal and routine maintenance costs climb. To keep housing expenses manageable, homeowners can (1) shop around for individual condo insurance to get the best rate and coverage, (2) refinance their mortgage to lock in a lower interest rate and reduce monthly payments, and (3) purchase a home‑warranty plan that covers major repairs and often includes roof‑leak coverage, helping avoid unexpected out‑of‑pocket costs.
Read more: https://www.cnbc.com/select/hoa-fees-are-rising-heres-how-to-save/