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Reply to "SF with HOA Fees?"
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[quote=Anonymous][quote=Anonymous]Went to an open house for a SFH in NOVA and I saw there were quarterly HOA dues but no amenities like a clubhouse or anything. [b]I assume builders cheap out and can avoid paying impact/development fees by doing this but I was wondering if anyone knew more about how this happens and common it is around here[/b].[/quote] Nope. Developers can't pass impact fees along thru HOA fees because the two aren't related - totally different pockets and managers. Impact fees are paid upon development of the property and added into the house pricing in the end. Developers are required by the county to create HOA's and usually the county can say, for example, that they won't accept the roads, therefore, snow plowing is the responsibility of the association. The quarterly HOA fees likely pay for some common areas that aren't part of anyone's lots, little corners and such that are between property lines. The listing will say what the HOA fee covers, but trust me, 10 years working for developers, doing their budgets, then managing homeowner associations and doing their budgets too, what you surmised isn't how it works. The two have nothing to do with each other.[/quote]
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