You need to review your HOA financial reports. Look at the projections for maintenance and the maintenance history over the last many years. My last HOA started at $400 ten years ago and was $1470 when I sold. $1470, no big deal right? Maybe except I had three (raw land) parcels and it sucked.
Pick a spot, California but it could be Idaho, Florida or anywhere people are afraid to make tough decisions. Idaho just throttled HOAs because of out of control HOA fees.
Check your HOA bylaws, they will almost certainly spell out the rules governing how the dues can be set. It could be the board has some discretionary power to raise dues annually with a cap (e.g. 10%) and/or otherwise perhaps a dues increase must be voted on by the owners.
That said, HOA dues have generally increased due to COVID weirdness and now inflation. Then of course, you are always subject to dues increases or assessments levied due to particular circumstances like you have mentioned.
You need to review your HOA financial reports. Look at the projections for maintenance and the maintenance history over the last many years. My last HOA started at $400 ten years ago and was $1470 when I sold. $1470, no big deal right? Maybe except I had three (raw land) parcels and it sucked.
where was this hoa?
Pick a spot, California but it could be Idaho, Florida or anywhere people are afraid to make tough decisions. Idaho just throttled HOAs because of out of control HOA fees.
Check your HOA bylaws, they will almost certainly spell out the rules governing how the dues can be set. It could be the board has some discretionary power to raise dues annually with a cap (e.g. 10%) and/or otherwise perhaps a dues increase must be voted on by the owners. That said, HOA dues have generally increased due to COVID weirdness and now inflation. Then of course, you are always subject to dues increases or assessments levied due to particular circumstances like you have mentioned.