If you are considering buying a condo or townhome on Oahu, HOA fees will be a significant part of your monthly housing costs. Understanding what these fees cover and how they vary across different properties is essential for making a smart purchase decision.

HOA fees on Oahu can range dramatically from a few hundred dollars per month to over a thousand dollars depending on the building, amenities, and location. High-rise condos in Waikiki or Kakaako often have higher fees due to elevators, pools, security, and building maintenance. Smaller townhome communities in areas like Mililani or Ewa Beach typically have lower fees.

These monthly fees generally cover common area maintenance, building insurance, water and sewer, trash removal, landscaping, and reserves for future repairs. Some buildings also include cable TV, internet, and security services in their HOA fees. Understanding exactly what is included helps you compare the true cost of different properties.

One of the most important things to review before buying is the association's financial health. Request the most recent financial statements, reserve study, and meeting minutes. A well-funded reserve means the association is planning ahead for major repairs like roof replacement, elevator upgrades, and exterior painting. Under-funded reserves often lead to special assessments, which are one-time charges that can run into thousands of dollars.

Special assessments are a significant risk for condo buyers. Ask about any pending or planned special assessments before making an offer. Hawaii law requires sellers to disclose known special assessments, but understanding the building's overall financial health gives you a better picture of future risk.

When calculating your monthly housing budget, make sure to include HOA fees alongside your mortgage payment, property taxes, and insurance. Lenders factor HOA fees into your debt-to-income ratio, which can affect how much you qualify to borrow.

Kristy and Austin Home Group helps condo buyers evaluate HOA fees and association financials as part of our comprehensive buyer representation. We know which buildings on Oahu have strong management and healthy reserves, saving you from costly surprises down the road.