Mary
Our HOA was built in 1960-1970’s, it is old, no money was set aside to do maintenance and repair till about 8 years ago. We had to do assessments for roofs and many were not happy. Some moved away. Other people have bought places here because they were cheaper than the other newer ones, now they are complaining our HOA fees are too high, but we still do not have the money needed to do upgrades on fence and replace roofs, replace and repair asphalt driveways, maintain pool and landscape, so we have to do assessments which upsets people. I think they bought here because it was cheaper, not realizing it was going to cost them to maintain, the older structure. I think reality company’s should have some responsibility to inform potential buyers of rules and regulation of the HOA, as people move here and have never read the rules, have no idea that they have to pay for upkeep of outside etc. it’s difficult to get board members to stay on as they get tired of taking the blame for expenses, that are questioned over and over.
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Thank you for visiting the community engagement tool for the HOA Homeowners’ Rights Task Force.
Pursuant to HB23-1105, this project has now concluded. On behalf of the Department of Regulatory Agencies and the Division of Real Estate, thank you for your interest and participation.