Answers by Terry Melvin

No can’t opt out if the home is in that neighborhood or community. It comes with the property. What they pay for depends on the neighborhood. Sometimes it’s just upkeep of entrances, ponds, and common areas. Other times it may cover things like a pool, clubhouse, trash service, snow removal, or even exterior maintenance in a condo community. The real question is not just “How much is the fee?” but “What am I getting for it, and what rules come with it?” Make sure you can live with the rules. Read the covenants and restrictions. It is prudent to get a copy of the financials too. Check to make sure they aren't planning any large expenditures. Some HOAs are very reasonable. Some are a little proud of themselves. That’s why it’s important to look at the whole picture before you buy.

Check what your equity is and what your local market looks like. If the market is moving you may be able to list your home and get time to find your new home as one of the conditions of the sale. Reach out now to an agent and make sure if you decide to sell. that you aren't spending money you won't recoup. You've outgrown your home. If you can make the numbers work it might be good to plan before the number 4 show up and your current home gets even smaller. 3.4 interest rates are not likely to return. That was a once in a generation time period. Sounds like you have a good starter home and these are the homes that are in high demand. Best wishes.