Suwanee, GA, is one of the hottest real estate markets in the south. People are flocking to this Atlanta suburb in droves.
Over the last two years, its population has increased by more than 8%. Suwanee will soon have more than 22,500 residents.
HOAs are a popular choice for many Suwanee citizens. While the benefits of an HOA appeal to all, many people still wonder about the HOA fees.
Read on to learn three things about HOA fees in Suwanee, GA. Explore what HOA fees in Georgia go towards and other relevant topics like HOA management services.
1. HOA Fees Pay for Property Maintenance
The most common question is what are HOA fees for? Property maintenance is one of the most significant expenses that they pay for.
Being part of an HOA means that your dues cover exterior maintenance. The HOA hires professional contractors to handle items such as landscaping, fertilizing, and trash cleanup.
HOA managers in Suwanee may use these funds to power wash the homes' siding or use a drone to inspect roofs. In the fall, HOA fees go toward leaf pickup.
This benefit saves you both time and money. You will recoup countless hours each week working in your yard. You can repurpose this time for pleasure, work, or rest.
2. Leisure and Other Amenities
A portion of HOA fees also cover leisure activities and other amenities in the community. Many HOAs offer a private swimming pool to their members.
Using your HOA dues, a property manager can hire a professional pool company to clean and treat the swimming pool. Dues also cover lifeguards to ensure the safety of all swimmers.
Each HOA offers different amenities to its members. Some provide a community banquet hall. Others have fitness centers, spas, or tennis courts.
All of these amenities have upfront and operating costs. Your HOA dues keep these amenities clean and running for your enjoyment.
3. Consequences of Failing to Pay HOA Dues
You will be held accountable by the HOA board for not paying dues. These funds are necessary to upkeep the community and pay for general services.
Early penalties include late fees, collection letters, or phone calls from HOA management services. They will give you an opportunity to square up your account.
If that does not work, the HOA board may take tougher action. They may decide to ban you and your family from using community amenities.
The final steps become legal in nature. The HOA board may sue to collect their payment. They can also place an HOA lien on your property and attempt to foreclose it.
Your Guide to HOA Dues
You now have a firm understanding of HOA dues and what they include. The funds raised through HOA dues make the community run properly. They pay for the availability of your amenities and continued services.
PMI Reliance has more than two decades of experience collecting HOA fees and spending them efficiently. If you have questions about HOA fees, contact us at PMI Reliance to speak with an experienced pro.
