Ok for a more specific example..how about on a 850 sq ft condo built in 1930, with an HOA fee of 325/month, owner-occupied and bought for $170k?
Given the HOA should be there for replacements of things like the roof, plumbing?, exterior maintenance (painted brick), etc. how much more would you set aside for repairs?
The 1% of home value rule would suggest $140 a month (or $1700 per year). But how do people deal with/treat the HOA in this example?
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