Question

giuliana has recently purchased a home in a suburban neighborhood for $300,000. she is trying to budget for all the non - mortgage costs of owning her new home. here are the details of her annual expenses:

• property taxes: 1.5% of the property value annually
• homeowners insurance: $1,500 per year
• hoa fees: $100 per month
• utilities: $250 per month for electricity, $75 for water, and $100 for gas
• maintenance and repairs: 1% of the property value budgeted annually for general upkeep
• landscaping: $1,200 per year
• pest control: $300 annually

what is giulianas total annual cost for hoa fees?

Explanation:

Step1: Calculate annual HOA fees

The HOA fees are $100 per month. To find the annual cost, multiply the monthly fee by 12 (months in a year).
$$100\times12$$

Step2: Compute the result

$$100\times12 = 1200$$

Answer:

$1,200