|HOA Budgets||<– Date –> <– Thread –>|
|From: Zpaiss (Zpaissaol.com)|
|Date: Fri, 5 Jan 1996 14:16:02 -0600|
Greetings Everyone, On Jan 2 Rob Sandelin posted the HOA budget for Sharingwood in Washington and I notice something that I can't let slip by. RESERVES!!!! I don't know if it a federal law, but in Colorado a wopping 40% of home owner dues are required to be set aside for replacement. This includes common house painting, roofing, replacement for the large capital equipment like stoves, heating equipment and carpets, pedestrian walkways, and in our case the exterior maintenance of the homes (which are legally owned by the home owners association). Our dues here at Nyland in Colorado range from $104 - $160 depending on a variety of factors ranging from size of home, number of residents, square footage of finished space and exterior square footage. Hope everyone is enjoying their winter. We just got dumped on with several feet of new powder in the mountains! Zev
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