How do the HOA's work at 21 Turtle Creek? Is there a limit to how much they can increase? Who decides when/by how much they increase?

Asked by O.luko, Dallas, TX Mon Feb 4, 2013

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Tim Stoll, Agent, Dallas, TX
Mon Feb 4, 2013
Pick an agent to assist your property search.
0 votes
Bruce Lynn, Agent, Coppell, TX
Mon Feb 4, 2013
With all condos, townhomes, and most newer communities in Texas that have HOAs, the dues can increase. Typically there is no limit to the increase. You have to look at the CCR or Covenants, Conditions, and Restrictions to see how increases are changed. Could be by a vote of the board or could be by a vote of a certain percentage of residents. If anything I think increases are too tough to get done when needed. Prices for things do go up such as insurance and repairs, so at times you do need the dues to go up and if it takes 3/4 of the residents to vote in an increase, but only 10% ever show up to a meeting, it is tough to get things passed, updated, or increased.

I always suggest you attend the meetings. People tend to think of HOAs as a distant 3rd party...ie the HOA pays for this or pays for that. To me you are the HOA..... you control what is spent, what is focused on, what is negotiated etc. Don't blame the board for an increase, blame yourself. You can run for a board position and actively participate.

See more condos for sale in this building at http://www.metroplexhomesalesinfo.com/listings/areas/34917/s…
0 votes
Dallas Texas, Agent, Dallas, TN
Mon Feb 4, 2013
HOA - other agent provided GREAT answers. Also reading the by laws your best interest answer majroity of your questions.

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Alan Shaffer, Agent, McKinney, TX
Mon Feb 4, 2013
While the HOA fees may seem a little high, this is an older building and requires more maintenance than would a newer building so fees are higher. Fees cover All Utilities, Backyard Maintenance, Blanket Insurance, Electric, Exterior Maintenance, Front Yard Maintenance, Full Use of Facilities, Gas, Management Fees, Reserves, Security, Sprinkler System per MLS listings.
There is talk that air conditioning equipment will be updated in coming years and that will be a large expense, but is needed to keep building up to date.
Any further questions, let me know.
Thecondoguy.com
0 votes
Kenneth "Ken…, Agent, Dallas, TX
Mon Feb 4, 2013
The HOA's include all utilities and security. They just has a special assessment so the dues are even higher to cover building upgrades.

Pick any 1 Realtor to help and assist in any further questions.

Kenny
Turtle Creek Realty
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