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Grant, Home Buyer in 30022

Taking control of HOA from Builder (Johns Creek, GA)

Asked by Grant, 30022 Tue Dec 8, 2009

We're residents of a small subdivision (36 single family homes) in Johns Creek, GA (30022). We don't have swim-tennis or clubhouse.

The residents are planning to take control of the HOA from the Builder as only 4 houses are left to be sold. Looking for some advice around:

1. What's the best way to go about taking control? Hire a new management company? Should the builder continue to support the board consisting of residents?
2. Any suggestions for local property management companies?
3. Any small subdivisions like ours that we can talk to and see how they manage theirs?
4. Any downside to taking control from the Builder? They's not been very open about the yearly budgets or other matters, so the residents are skeptical.

Thanks in advance for any advice.

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Grant,

Start with the covenants and restrictions document which should detail the how the control changes over from the developer to the residents and what if any support the developer will continue to provide until ther last home is sold within your community. There are a few communities on Abbotts Bridge and Sargent Roads similar to yours...I would stop in the communities and talk with a few homeowners to find out who the board of direcors are and contact them so you can get a feel what they are doing and who they may be using to maintain the community. In regard to budgets the developer should provide you that info and transfer funds during the take over of the HOA. The HOA will then need to decide how they want to manage the community and what funds will be needed to manage the community and the corresponding yearly fees needed to do so.

Chuck
0 votes Thank Flag Link Wed Dec 9, 2009
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