Cost of HOA Complacency
- Topics:
- Market Studies,
- Property Management
- Source:
- Realty Times
FREE Registration is required
Overview: Homeowner associations are responsible to plan for future repair and replacement events to common element. The "Reserve study," as it is called, is a comprehensive analysis that provides a schedule and funding recommendation to keep building and grounds components like painting, fencing and paving in good repair. Unfortunately, even HOAs that have a reserve study too often ignore them or only partially implement the recommendations. As HOAs reach 20 years old or so, many of the most expensive repairs come due, like roofing, fencing, decks and equipment replacement. Without proper reserve planning and accumulation of reserve funds, HOA Boards that are not prepared face unpopular and unfair special assessments.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jan 2006 | Pages: 2
People who downloaded this item also downloaded
 |
We Appreciate Your Business Sales Letter |
 |
Online HOA Newsletters |
|
What Are HOA CC&Rs? |
|
HOA Newsletter Essentials |
|
Three Ws of HOA Reserves |
