Category Archives: HOA


Equipment and major components (like the roofs) must be replaced from time to time, regardless of whether we plan for the expense. We prefer to plan and set the funds aside now. Reserve funds aren’t an extra expense—they just spread out expenses more evenly. There are other important reasons we put association monies into reserves every month: “Whether or not” to me is like “over” to you (and me). 1. Reserve funds meet legal, fiduciary, and professional requirements. A replacement fund may be required by: Any secondary mortgage market in which the association participates (e.g., Fannie Mae, Freddie Mac, FHA, VA). State statutes, regulations, or court decisions. The community’s governing documents. 2. Reserve funds provide for major repairs and replacements that we know will be necessary at some point in time. Although a roof may be replaced when it is 25 years old, every owner who lives under or around it should share its replacement costs. 3. Reserve funds.
more info No comments

Ten Reasons to Volunteer for the Association

1. Protect your self-interests. Protect your property values and maintain the quality of life in your community. 2. Correct a problem. Has your car been towed, or do you think maybe maintenance has been neglected? 3. Be sociable. Meet your neighbors, make friends, and exchange opinions. 4. Give back. Repay a little of what’s been done for you. 5. Advance your career. Build your personal resume by including your community volunteer service. 6. Have some fun. Association work isn’t drudgery. It’s fun accomplishing good things with your neighbors. 7. Get educated. Learn how it’s done—we’ll train you. 8. Express yourself. Help with creative projects like community beautification. 9. Earn recognition. If you would like a little attention or validation, your contributions will be recognized and celebrated. 10. Try some altruism. Improve society by helping others..
more info No comments
  • Facebook
  • Twitter