Wow, I am really surprised about LaTour. It seems like they have very high HOA fees for the price range and sq ft.Originally Posted by omeganet
No, HOAs are not "for profit". The fees are supposed to absorb maintenance and operational costs only, insurance, security, etc. Common utility fees can be in there, so you might check to see if that is covered or not. HOAs typically do special assessments for one-time capital improvements.
I asked a friend of mine in real estate. He says 2011 Cedar Springs is in the $500k-$700k price range, but the HOA fees are somewhere in the mid $400 range. Seems to be a good deal compared to the others. It could be that 1999 McKinney is in that ballpark as well, does anyone know?