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My experience getting monthly income from home equity

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Posts: 6
(@denniswalker139)
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"They started off reasonable enough, but a year in, the association decided to redo the clubhouse roof and landscaping, and bam...fees jumped nearly 30% overnight."

Had something similar happen with a condo client recently—HOA fees jumped due to unexpected elevator repairs. Makes me wonder, has anyone here had experience successfully negotiating or contesting sudden HOA fee hikes? Curious if there's any wiggle room or if homeowners typically just have to bite the bullet...

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mechanic65
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(@mechanic65)
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I've dealt with a few HOA fee hikes myself, and honestly, it can be tricky. Usually, the HOA board has some discretion, but they're also bound by their bylaws and budget constraints. If you want to contest or negotiate, here's what I've found helpful:

First, request a detailed breakdown of the expenses that led to the increase. Sometimes, boards lump in non-essential upgrades with necessary repairs—like your clubhouse landscaping example. If you can show certain costs aren't urgent or essential, you might have grounds for negotiation.

Second, check your HOA's governing documents carefully. They often outline exactly how fee increases should be handled—like requiring homeowner votes or advance notice periods. If the board skipped any steps, you could have leverage.

Lastly, rallying support from other homeowners can help. A collective voice carries more weight than one person questioning fees alone.

"fees jumped nearly 30% overnight."

Yeah, that's steep...but don't lose hope yet. I've seen homeowners successfully push back or at least get the board to reconsider spreading out the costs over a longer period. It's not always easy, but it's definitely worth a shot.

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oreo_carter7930
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(@oreo_carter7930)
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Have you checked if your HOA has a reserve study? Sometimes these big jumps happen because the board neglected long-term planning. If that's the case, pointing it out might help you negotiate spreading costs over time...worked for us once.

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animator639429
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(@animator639429)
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"Sometimes these big jumps happen because the board neglected long-term planning."

That's a really good point. I've seen similar situations where the HOA was caught off-guard by unexpected repairs or major expenses, and homeowners ended up footing a sudden, hefty bill. If your HOA hasn't shared a reserve study, it's definitely worth asking about. In my experience, boards are often open to working things out if you approach them professionally and calmly.

A friend of mine had success negotiating staggered payments after highlighting that the HOA hadn't adequately planned for roof replacements. Once the board realized the oversight, they agreed to spread out the cost over a couple of years, which significantly eased the financial burden for everyone involved.

It might also help to gather support from neighbors who feel similarly impacted. Presenting a unified front can sometimes encourage the board to reconsider their approach and find a more manageable solution. Good luck—I hope your HOA is receptive!

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mquantum31
Posts: 11
(@mquantum31)
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Good points here. Our HOA got blindsided by a major plumbing overhaul last year—no reserve study, no planning, nothing. Ended up costing everyone a pretty penny. Wish we'd thought of "

gather support from neighbors who feel similarly impacted
" earlier... might've saved us some headaches.

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