By Deborah Goonan, Independent American Communities In some parts of the country, the real estate industry is marketing townhouses to first time homebuyers and retirees looking to downsize. Builders are also putting up townhouses in vacation destinations. Several times per month I hear from homebuyers that are considering buying a townhouse, because they do not want to do yard work or exterior maintenance. Some are growing older, others work long hours or travel often, some Continue ReadingThink your HOA townhouse is convenient, maintenance free? Think again.
By Deborah Goonan, Independent American Communities A few weeks ago, I featured a news report from Daybreak HOA, South Jordan, Utah, where homeowners of relatively new homes face a huge special assessment needed for extensive repairs. (See Daybreak HOA faces $23M assessment, some owners at risk of losing homes) Well, since the HOA has filed a lawsuit against home builders Holmes Homes and Hamlet Homes, both companies have gone on record denying responsibility for shoddy construction, Continue ReadingBuilders deny construction defects, blame Daybreak HOA for improper maintenance
By Deborah Goonan, Independent American Communities Lately I have been reading about special tax districts created for the purpose of constructing and managing infrastructure in large, planned communities. These districts go by different names, but in Florida, they are called Community Development Districts – CDDs for short. CDDs are created as units of public government, not private organizations. There’s no corporate body, and the board of supervisors must operate under Florida’s Sunshine Law, which require Continue ReadingOne FL Community Development District’s internal conflict
By Deborah Goonan, Independent American Communities What if several homes in your Association-Governed townhouse community were destroyed by an accidental explosion or fire? Who would pay for the damages? How long would it take to rebuild? And most importantly, would your home be made good as new again? Two years ago in South Fork HOA of Ewing, New Jersey, dozens of homes were damaged by a fatal gas explosion. One woman died from her injuries, Continue ReadingDisappointing HOA rebuild following gas explosion (NJ)