HOA Dues in Fort Worth

Posted by Stiles Mund Group on Wednesday, November 28th, 2007 at 11:57am.

HOA (Home Owners Association) dues are used for the general maintenance of the building's common areas and exteriors. In general, HOA is responsible for the care of the common/shared areas of the property, such as lawns and landscaping, recreational facilities, lobby, elevator, hallways, roof, etc. The association also saves money in reserve to help pay for any special assessments that may arise in the future(Painting or replacing exterior siding, replacing a roof, etc.) .An annual budget and regular Reserve studies evaluate these costs and help the condominium’s Board of Directors to determine the amount that owners need to contribute in monthly dues.
Many building include other regular expenses in their HOA dues including, gas, cable TV, internet service, etc.
Often the HOA dues are based on the square footage of the condo unit, however some associations charge a flat fee per unit.
Here is an example of what homeowners in downtown Fort Worth are paying towards dues:

Texas and Pacific Lofts: $0.38/square foot with expanded basic cable and high speed internet, pool, fitness center, office center, party room, 1 year of free train service…

The Omni Residences: $0.61/square foot (highest downtown) Swimming deck, Zen Garden, concierge, room service, laundry service, spa and VIP service at restaurants...

The Montgomery plaza: $0.27/square foot. Rooftop amenities deck with pool, spa, fire pits, cabanas, movie theatre, workout facility, concierge…

So7 Arthouse: $0.21/square foot. Pool

There are many more details involved with HOA dues and condo living. I would be delighted to answer you questions or gather additional information regarding HOA dues or any other information that would be of help.
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