OliviaS1 (Tennessee)
Posts: 1
Posts: 1
Posted:
Our condo HOA is experiencing budget crunch because of needed repairs. An assessment and raising the monthly fee seems possible. I have discovered through many years as a Realtor that once older units raise fees, it always reduces the value & desirability of the condos because fewer people are willing to pay - especially when the majority of homeowners are nearing retirement age. Have you found this to be true in your areas?