Sticker Shock: How HOA Fees Can Change Overnight

Monthly dues are one of the first things buyers notice — and often underestimate. The reality is that fees can and do change, sometimes sharply. A community may pride itself on low fees, but if reserve funds are mismanaged or unexpected repairs arise, the board can impose special assessments to cover costs.

For some owners, that means a sudden bill of thousands of dollars on top of regular dues — with little warning. Annual increases are also common and may not require a community vote, depending on the bylaws.

In many states, there’s no cap on how much fees can rise each year if the governing documents allow it.

Smart Due Diligence

• Review at least 3–5 years of fee history — has the community budget stayed stable?

• Ask for the reserve study. Is the fund big enough to cover major repairs like roofs, roads, or pool resurfacing?

• Find out if special assessments have happened recently — frequent assessments can signal poor financial planning.