I am single and 10-15 years from retirement. My townhome will be paid off next month. Should I sell it, and avoid significant HOA fees, and buy a single family home?
Terry Says: That’s a tough question to answer without knowing a LOT more about your financial situation. Just remember, those HOA fees not only pay for landscaping and maintenance, but they pay for peace of mind. In a single family home you’ll have to be around to let the cable repair person, and the exterminator, and other service people. And not only will it take time, but a lot of planning to schedule them to come while you’re at home! (Assuming they show up on time!) Keep that in mind when you think HOA fees are too high!