|Re: Annual dues||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Mon, 16 Nov 2009 07:46:01 -0800 (PST)|
On Nov 16, 2009, at 3:09 AM, Susan Bennett wrote:
Our community is in the process of making a budget for 2010, which includes evaluating annual member dues (Home Owners Association dues, since we'reofficially a condominium per state law).
Dues are totally dependent on community specific features. So one place to start is to begin making a spreadsheet of monthly costs. Telephone, utilities, reserve fund contributions, annual maintenance on systems, annual maintenance costs that residents won't be doing (like gutter cleaning -- liability issue), dryer vent cleaning, storm sewer cleaning, landscaping supplies, etc.
Your residents can help remember items from their previous homes. Also check fees in condos around you. Frankly, yours will be in that range. Cohousers may do more work themselves but they also have more facilities, like the common house -- and higher expectations.
Also your reserve study specialist would probably be able to give you an average figure.
We started out paying 1/3 the dues we needed to pay. Start high and save.
Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
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