Are common charges and assessments a big deal?

The term common charges is not how a Charleston-area community describes these fees; the correct terms are HOA dues or association assessments, and they absolutely can affect a monthly budget in a meaningful way. A special assessment, covering a one-time repair or improvement beyond the regular budget, can be a larger and less predictable cost than the regular monthly dues. Reviewing an HOA's financial reserves and recent assessment history before buying into a community is one of the more overlooked steps in a purchase. Brian Beatty can help a buyer pull that HOA financial history before making an offer.