When buying a home, most buyers focus on mortgage rates, down payments, and property taxes—but one often-overlooked expense can have a massive impact on affordability: Homeowners Association (HOA) fees.

Homeowner association (HOA) dues seemed reasonable, and the neighborhood had great amenities—walking trails, a clubhouse, and a fitness center. What they didn’t realize? The HOA’s finances were a ticking time bomb. That is why it is valuable to have a professional review the HOA financials.