Tag: reserve funds

January 28, 2025 Off

HOA Fees Rising? Smart Ways to Boost Your Income & Fight Back

By The Admiral Staff

Rising HOA fees are a common frustration for homeowners, with roughly 74 million U.S. residents belonging to an HOA. Increases are often driven by depleted reserve funds, rising costs for services like landscaping and pool maintenance, and homeowner complaints requiring repairs. Homeowners can review their HOA’s covenants, conditions, and restrictions (CC&Rs) for limitations on increases, check local laws, communicate with the HOA board, or consider selling if the situation becomes untenable. Proactive steps like budgeting for