My thought was insurance. The HOA we are in now is pretty decent and transparent. Ours went up $100 this year. With the letter it showed us exactly why and it was the insurance. Not only HOA insurance went up but so did homeowners insurance went up.
Golden, CO. “As part of our annual budget review, the HOA Board has approved a necessary increase in the monthly assessment to ensure we can continue to maintain and enhance the quality of our community.”
Get a copy of the 2025 budget, the 2026 budget and then your financial summary to see where the monies are and what is changing. Ask for the reserve report too if you want to dig deeper to see what’s on the horizon.
Tough to say FHOA on this one without context and knowing why your HOA exists (i.e. SFH vs TH). My HOA insurance almost doubled 2024-2026, that drove a big jump in our dues. Plus plowing is up, trash went up a lot too. I don't like paying more, but there's no money fairy here.
Agreed. There needs to be some rules on posts for this subreddit, OP should offer some basic information on the HOA (total number of units, product mix, location, services included etc...) and not just a place to post random hate against HOAs because of cost of living increases.
I'm all for reading about the scandalous HOAs, like a board member that is self-dealing to their own company, or perhaps the Property Management company is trying to jack up their rates unfairly, or an HOA changing the rules to make something normal suddenly restricted etc....but I don't hate on HOAs just for the sake of hating on them.
One upper here! My HOA fees are going up by 1,500 per month as a special assessment for next year to fund a roof replacement. The reserves that should have funded it were squandered by the HOA board trying to get an owner (who was between jobs and late on HOA fees) tied up in a lien and repo. Absolute failure on the HOA board and their lawyer, lost 40k or so in the process.
Where are you located and did they say what the extra fees were for?
How many homes in your community?
Insurance and maintenance costs are going up everywhere but this does seem excessive though.
My thought was insurance. The HOA we are in now is pretty decent and transparent. Ours went up $100 this year. With the letter it showed us exactly why and it was the insurance. Not only HOA insurance went up but so did homeowners insurance went up.
Golden, CO. “As part of our annual budget review, the HOA Board has approved a necessary increase in the monthly assessment to ensure we can continue to maintain and enhance the quality of our community.”
Get a copy of the 2025 budget, the 2026 budget and then your financial summary to see where the monies are and what is changing. Ask for the reserve report too if you want to dig deeper to see what’s on the horizon.
What’s in the budget?
Tough to say FHOA on this one without context and knowing why your HOA exists (i.e. SFH vs TH). My HOA insurance almost doubled 2024-2026, that drove a big jump in our dues. Plus plowing is up, trash went up a lot too. I don't like paying more, but there's no money fairy here.
Agreed. There needs to be some rules on posts for this subreddit, OP should offer some basic information on the HOA (total number of units, product mix, location, services included etc...) and not just a place to post random hate against HOAs because of cost of living increases.
I'm all for reading about the scandalous HOAs, like a board member that is self-dealing to their own company, or perhaps the Property Management company is trying to jack up their rates unfairly, or an HOA changing the rules to make something normal suddenly restricted etc....but I don't hate on HOAs just for the sake of hating on them.
Insurnace, I bet a huge chunk.
If there are things that need doing, owners would complain if they are not done?
ps: I would have welcomed only a $60 increase in my HOA.
One upper here! My HOA fees are going up by 1,500 per month as a special assessment for next year to fund a roof replacement. The reserves that should have funded it were squandered by the HOA board trying to get an owner (who was between jobs and late on HOA fees) tied up in a lien and repo. Absolute failure on the HOA board and their lawyer, lost 40k or so in the process.
Get on the HOA board and dismantle it from the inside, your neighbors will thank you.
Tried this and it's not as easy as you'd think