While researching a place to retire have you found this? (moving, communities)
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Sun City Anthem in Henderson, NV is no longer controlled by Del Webb. I have been trying to locate other retirement communities that are now out of the hands of the original developer.
Tek_Freek,
The Plantation in Leesburg Florida is out of the developers hands and fully owned by the residents.
They have a VERY healthy HOA account, keep the place up very nice with new things constantly, and the HOA fees are $85.00 per month.
Tek_Freek,
The Plantation in Leesburg Florida is out of the developers hands and fully owned by the residents.
They have a VERY healthy HOA account, keep the place up very nice with new things constantly, and the HOA fees are $85.00 per month.
I'm confused. I did a search on that site and the first house I found is in some place called Sawgrass Village. Is Sawgrass Village part of Plantation?
Edit: Never mind, I found it buried in the description of the home.
Last edited by Tek_Freek; 08-17-2011 at 04:38 PM..
Reason: Found it!
Highland Lakes, in Leesburg, FL, is a former Pringle Development which is now run by the residents. 938 homes and over a million dollars in reserves. Highland Lakes POA - Home Page
I believe you may find that state laws vary. In some states once a planned development is over 50% owner owned, the operation of the Home Owners Association must be turned over to them. In others it is usually written into the Covenannts when the developer will turn over control.
Some say as long as the developer is still involved and selling homes, they will keep the place well run and in many cases better then an HOA could.
One of the problems in the turn over is it becomes all Chiefs (each homeowner) and no Indians such as moving into a development already run by the HOA and if you want to become known and run for the Board Of Directors it can take sometime.
Nothing worse then a BOD with members that cannot spell fiscal responsibilty never mind figure out how large a capital improvement budget is needed. They keep it cheap (association dues) and down the road they are in all sorts of problems. This is where/why many places end up looking like crap.
Also bad is a BOD that will not make a move without legal consultation.
Add in a BOD that decides to fight the developer.
I could go on and on.
I have lived under HOA's before so I knew what to look for when I recently bought a new patio home in a develpoment of 120 homes (100 in and sold) where the developer does not have to turn over the association to owners until the last home is sold.
All exterior maintenance is paid for by the HOA. Each homeowner is only responsible for their back yard which is about 300sq ft, fenced in with a privacy fence. Fortunately we have no large overhead things like pools, tennis courts, parks, bike paths, etc. Also our streets are public so they are maintained by the county plus we have public water and sewage. I have read the covenants quite closely. I expect our turnover will go quite smoothly but were we thouasands of homes with golf courses, pools, etc then it could get quite sticky.
Last edited by accufitgolf; 08-18-2011 at 11:56 AM..
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