Life in Newtown, CT

HOA Fees? In Newtown, CT?

HOA Fees?  In Newtown, CT?  HOA you ask, "what is that?"  HOA stands for Homeowner Association and sometimes, they charge fees to a community.  Those fees cover things like garbage pick up, road maintenance, pool maintenance, gate/guard fees at the entrance.  

 

Homeowner Assocation Fees HOA

 

A recent question in an email from someone looking to move to Newtown was "Are there HOA fees in Newtown?"  For the most part, we don't have them, but they do exist.

  1. The most common is in condominium complexes.  The HOA fees there can range from $200/month to $500+/month depending on the complex.
  2. Water communities have HOA fees.  A water community is located by the lake and used to be a community of summer homes.  The HOA fees, in the Newtown, water communities are not mandatory.
  3. Sometimes, in a subdivision, there is an informal HOA fee.  For instance, if the homeowners split the cost of lawn maintance at the beginning of the subdivision, one of the residents will be responsible for contracting those services and making sure they are paid for by the owners in the subdivsion.  We have seen those costs between $200 - $400/year.

So, yes, there are HOA fees in Newtown, but it's not the case for every home or even most of them.

Have any other real estate questions for us?  Contact us through this link.

 

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Bob and Richelle Ward, Realtors, Newtown, CT

Bob and Richelle Ward - The Ward Team
Coldwell Banker Residential Brokerage
Bob's Cell: 203 470-9818  l  Richelle's Cell: 203 470-9819
Email: WardTeam@cbmoves.com
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Comment balloon 0 commentsThe Ward Team • July 13 2016 04:59PM
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