Tag: reserve studies

24
May

A few tips for how to look at a prospective HOA

DR. HOA, I am in the market to purchase my first condominium, and I am nervous after hearing horror stories of associations not maintaining buildings and outrageous special assessments. What should I be looking for to ensure that I make a good investment? —Amy H. Hello Amy, I applaud your due diligence prior to purchasing in a condominium association. All

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14
Mar

HOAs can avoid special assessments

Dr. HOA, I was recently elected to the board of directors for my condominium association. I ran for the board after our association had its second special assessment in two years. The first special assessment was for new roofs and this year’s assessment was for painting the buildings. What can our new board do to avoid these types of special

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