HOA homes lose value when developers, builders don’t follow through

One builder dumps unfinished roads on HOA, another home builder files bankruptcy By Deborah Goonan, Independent American Communities In Madison County, Mississippi, home construction in the Chestnut Hill subdivision, which began in 2007, is only halfway completed. According to recent reports in the Northside Sun, only 50 of 100 planned homes have been built, and the roads in finished phases are in terrible shape. Developer David Landrum turned over unfinished roads to the HOA, according Continue ReadingHOA homes lose value when developers, builders don’t follow through

Consumers don’t want HOAs according to market survey

By Deborah Goonan, Independent American Communities A few months ago, I wrote an article Research reveals home buyers seek non-HOA communities, providing research findings from different sources that indicate a low demand for HOAs. Since that time, National Association of Home Builders (NAHB) has published a more recent survey summary, that leads to the same conclusions. Here’s a link to the summary, conducted by NAHB. Housing Preferences Across Generations While the survey did not ask buyers Continue ReadingConsumers don’t want HOAs according to market survey