District of Columbia – Rising community association fees are squeezing homeowners on tight budgets

For some homeowners, it’s not the mortgage or taxes they can’t afford – it’s the rising association fees.That day is approaching faster than she expected. Her monthly fee, $166 when she moved in, has more than doubled to $371, and a special assessment for building expenses a couple of years ago cost her an additional $583. Now, with no telling how much more the fees will rise, she wonders whether she can afford to retire on schedule.

Embedly Powered

Leave a Reply

Your email address will not be published. Required fields are marked *