Homeowners Associations…..definitely have a place in real estate. Whether it’s a master HOA governing a bunch of smaller HOAs in one large community…(like Alameda’s Harbor Bay Isle has), or a small group (like 4 units), maintenance still needs to get done. And that’s what you’re paying for…the maintenance: to keep things going instead of letting them go!
One lesson that I learned last year: if I were a developer and I needed to put an HOA in place….I would develop an odd number of units: like 5, or 49, or 199! That way you won’t have much of a chance to get a tie vote (assuming all of the residents’ vote) to approve any needed maintenance/corrections that need to be done, in a timely manner.
That is what an HOA does….govern, and hopefully, those on the HOA Board get enough bids to make a decision and then move forward!
And if you don’t fall into the above category…please make a fix-it or repair/replace list and post it on the refrigerator so you can see it, and knock those items off one at a time..and if you can afford it, do several maintenance jobs in a row! Believe me, you will sleep better every night!
Alameda Real Estate this Week
(including 2 Active Contingent, and 2 Price Changes)
Contact me if you need info about what’s going on out there. I’m no fortune teller…I just call it like I see it, and that’s based on recent history, time of year, and interest rates.
Have a fun weekend, and please keep a good thought for those who are involved with the fires, up and down the state. This may be the perfect time to pay it forward to those who are affected…just saying.
check out my ‘for fun’ blog…..Boomer-chick-musings.com