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Questions that require a lengthy and more thorough answer may be found on the Articles page.
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Answer:
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No study has ever been conducted. Even so, this would be a difficult question to answer without broad participation by homeowner associations across the state.
Consider these variables:
- Is the association a condominium, single family, or townhome community?
- Is the association self managed or do the assessments include management fees?
- What amenities such as clubhouse, pool, tennis courts does the association support?
- How much of the assessment includes money for reserves for large capital projects such as private roads, exterior painting, new roofs, etc.
- Is the association a 'maintenance free' community? Landscaping, gutter cleaning, powerwashing, etc are included in the assessment.
HOA-SC will consider conducting an assessment survey later this year.
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