Get 2 months of free community web site hosting from Community123.com!
Tuesday, October 22, 2019
Get 2 months of free community web site hosting from Community123.com!
Only members have access to all features.
Click here to join HOATalk for Free! Members click here to login and access all features.
Subject: Housing Values
Prev Next
Please login to post a reply (click Member Login on the menu).
Author Messages
David
(Ohio)

Posts:2


11/01/2005 8:23 AM  
We are going to our residents in December for a dues increase above and beyond our allowable amount. One question that has come front is how much value does a pool and clubhouse add to the property value? Our houses start at 300,000 and go up to 1 million.

Any help would be great.
hoatalk
(California)

Posts:573


11/01/2005 4:53 PM  
If you could list your city and state, that may help others answer.

However, the best place to find this answer would be to find a local Realtor to ask. Look at the listings in your neighborhood and see which Realtors show up more often. Call them and ask for advice. Many Realtors are happy to offer advice to HOAs and they know your market best.

In general, the effect on value has to do with the norm in your area. If most neighborhoods like yours (similar houses, location, style, age price, etc) have a clubhouse and pool, then your neighborhood not having one would hurt values. This varies dramatically across the country.

It also sounds as if your neighborhood is on the upscale end of the market, so buyers paying higher prices expect more amenities. Lack of amenities may translate into lower prices or longer resale times, depending on how hot your real estate market is.

HOATalk.com, A free service of Community123.com
Provider of Upscale Community Websites
CLICK HERE to get a FREE trial community website
*See legal notice below (end of page) or go to www.hoatalk.com/legal
David
(Ohio)

Posts:2


11/01/2005 5:38 PM  
We are in a suburb of Cleveland, Ohio called Aurora
LisaS
(Illinois)

Posts:341


11/02/2005 1:16 PM  
I am a Realtor in Illinois, and can state generally so long as the pool and clubhouse are maintained properly and your dues do not become excessive because of them it will add value to your homes considerably.

If the dues become high for your particular area, the pool is not mainatined, reserves are not set aside to cover maintenance,etc. your property would become undesirable for those who know that because of the financial insecurity of the community that then comes into play.
Please login to post a reply (click Member Login on the menu).



Get 2 months of free community web site hosting from Community123.com!



News Articles Provided by: Community Associations Network
News, articles and blogs about condos/HOA's

Only members have access to all features.
Click here to join HOATalk for Free! Members click here to login and access all features.







General Legal Notice:  The content of forum messages are from the posting member and have not been reviewed nor endorsed by HOATalk.com.  Messages posted by HOATalk or other members are for informational purposes only, are not legal or professional advice and do not constitute an attorney-client relationship.  Readers should not act upon this information without seeking professional counsel.  HOATalk is not a licensed attorney, CPA, tax advisor, financial advisor or any other licensed professional.  HOATalk accepts ads from sponsors but does not verify sponsor qualifications nor endorse/guarantee any sponsor's product or service.
HindmanSanchez Legal Notice:  (For messages posted by HindmanSanchez) This message has been prepared by HindmanSanchez for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Members of HOATalk.com should not act on this information without seeking professional counsel. Please do not send us confidential information unless you speak with one of our attorneys and get authorization to send that information to us. If you wish to initiate possible representation, please contact an attorney in our firm. Our attorneys are licensed to practice law in the state of Colorado only.

Legal Notice For Messages Posted by Sponsoring Attorneys: This message has been prepared by the sponsoring attorney for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Readers of HOATalk.com should not act on this information without seeking professional counsel. Please do not send any sponsoring attorney confidential information unless you speak with the sponsoring attorney or an attorney from the sponsoring attorney’s firm and get authorization to send that information to them. If you wish to initiate possible representation, please contact an attorney in the firm of the sponsoring attorney. Sponsoring attorneys that post messages here are licensed to practice law in a specific state or states as indicated in their message signature or sponsor’s profile page. (NOTE: A ‘sponsoring attorney’ is an attorney that is a HOATalk.com official sponsor and is identified as such in the posted message or on our sponsor page.)

Copyright HOA Talk.com, A Service of Community123 LLC ( Homeowners Association Discussions )   Terms Of Use  Privacy Statement