A mother and father hold the hands of their toddler as they walk past brick houses in their neighborhood where they pay HOA fees.

What do HOA fees cover and how do they work?

When you shop for a home, you may look in communities that are part of a homeowners association, or HOA. These organizations govern the appearance, maintenance and upkeep of private communities like condominiums or suburban neighborhoods. HOAs are generally subject to state regulation. Membership in an HOA usually includes regular dues or fees to pay. […]