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Did you know? This year, a staggering 91% of community associations experienced unexpected increases in their HOA expenses due to inflation and rising costs. These challenges highlight the importance of planning for unforeseen circumstances in our neighborhoods. Special assessments play a vital role in addressing these unexpected expenses. They are one-time fees that cover urgent repairs or essential improvements that regular dues may not fully cover. While they may seem daunting, special assessments can be crucial for maintaining a community's value and functionality. By pooling resources through special assessments, associations can ensure their community remains well-maintained and attractive to residents and potential buyers alike. From repairing storm-damaged roofs to upgrading community amenities, these investments help preserve property values and enhance the quality of life for everyone. At RowCal, we prioritize transparency and communication regarding special assessments. Understanding their purpose and impact is key to fostering a thriving community. For a deeper dive into association terms, tips, and best practices, visit our website! https://www.rowcal.com/ #RowCal #TheSmarterWayToHOA #HOAManagement #HOA #CommunityManagement

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