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HOA Fees
Posted on 1/21/14 at 11:47 am
Posted on 1/21/14 at 11:47 am
Do they go down when a new subdivision gets houses/owners? My current subdivision is only half full, what are the chances they go down after full capacity?
5
Posted on 1/21/14 at 11:51 am to Hu_Flung_Pu
better chance they go up in the years to come than go down.
Posted on 1/21/14 at 11:59 am to Hu_Flung_Pu
They will go up. I live in an incredibly fast growing neighborhood in Fulshear (just outside of Houston) called Cross Creek Ranch. HOAs went up a couple years back despite the enormous growth. They remained the same in 2014, but that is not the norm. I would fully expect them to rise again next year.
Posted on 1/21/14 at 12:08 pm to Hu_Flung_Pu
It depends on what all the HOA fees cover. Is there a neighborhood pool or clubhouse that needs to be maintained? If so, then having more people split the cost might help lower dues. If it pays for electricity for street lights, and the only lights that are on right now are in the developed part, then they will need to install lights in the undeveloped part and fund them with the new residents.
In general, HOA's hate to lower fees because it's such a bitch to raise them. They will probably keep them at the current rate and build up a reserve. Once the current fees are no longer increasing the reserve, then they will start to float the idea of dues needing to be increased.
In general, HOA's hate to lower fees because it's such a bitch to raise them. They will probably keep them at the current rate and build up a reserve. Once the current fees are no longer increasing the reserve, then they will start to float the idea of dues needing to be increased.
Posted on 1/21/14 at 12:49 pm to Hu_Flung_Pu
Kind of like taxes, they only go up
Posted on 1/21/14 at 12:52 pm to Hu_Flung_Pu
In the neighborhood I was last involved in the fees were per lot not per house. Whoever owned the lot paid the HOA fees. If the lot has not sold yet the developer paid the portion of the HOA fees for the lot. The yearly budget was based on the entire neighborhood not just on what was occupied.
Posted on 1/21/14 at 12:56 pm to PurpleAndGold86
quote:
Fulshear (just outside of Houston)
Fulshear is pretty dang far away. It's like 10 miles west of Katy.
Posted on 1/21/14 at 1:08 pm to CubsFanBudMan
quote:
It depends on what all the HOA fees cover. Is there a neighborhood pool or clubhouse that needs to be maintained?
No buildings. Just front entrance and lake. Lights are on for all the areas.
Posted on 1/21/14 at 1:10 pm to geauxbears08
quote:
Fulshear is pretty dang far away. It's like 10 miles west of Katy.
first thing I thought of when i read that post, it's gotta be 40 miles from downtown
Posted on 1/21/14 at 1:17 pm to geauxbears08
quote:
Fulshear is pretty dang far away. It's like 10 miles west of Katy.
I know where Fulshear is. Most people haven't heard of it. Easiest thing to say is that it is outside of Houston. And FTR, it isn't 10 miles West of Katy.
Posted on 1/21/14 at 1:18 pm to yellowfin
quote:
first thing I thought of when i read that post, it's gotta be 40 miles from downtown
Do the Houston city limits restrict themselves to the Downtown area?
Posted on 1/21/14 at 1:29 pm to ATOlurker
quote:
In the neighborhood I was last involved in the fees were per lot not per house. Whoever owned the lot paid the HOA fees. If the lot has not sold yet the developer paid the portion of the HOA fees for the lot. The yearly budget was based on the entire neighborhood not just on what was occupied.
This is how it works for the community we are moving into. The HOA fees will be prorated at closing so the builder will pay the first few months and I will pay the remainder.
So yeah, completion of the community won't help if this is the case.
Posted on 1/21/14 at 1:33 pm to ZereauxSum
quote:
In the neighborhood I was last involved in the fees were per lot not per house. Whoever owned the lot paid the HOA fees. If the lot has not sold yet the developer paid the portion of the HOA fees for the lot. The yearly budget was based on the entire neighborhood not just on what was occupied.
some also have different fees for an undeveloped lot versus one with a home on it
Posted on 1/21/14 at 1:41 pm to PurpleAndGold86
quote:
Do the Houston city limits restrict themselves to the Downtown area?
Actually. Cross Creek sits right on the edge of Houston's ETJ boundary. 1463 separates Cross Creek from Katy's Houston ETJ.
Posted on 1/21/14 at 1:43 pm to PurpleAndGold86
outside the loop.....don't care
Posted on 1/21/14 at 1:44 pm to Cdawg
So in other words, "Fulshear (just outside of Houston)", wasn't unreasonable...
Posted on 1/21/14 at 1:51 pm to PurpleAndGold86
technically, not really anymore.
But most people would think Fulshear is pretty effing far out.
Even though Cross Creek is Fulshear, I'd still call it Katy.
But most people would think Fulshear is pretty effing far out.
Even though Cross Creek is Fulshear, I'd still call it Katy.
Posted on 1/21/14 at 1:57 pm to Cdawg
I lived in Katy and didn't know where Fulshear was until my buddy moved there
Posted on 1/21/14 at 1:58 pm to Cdawg
Yeah most people think it's far out, but I work in the energy corridor so its only 17 miles each way. Not bad at all. Being in that neighborhood is well worth it.
Yeah, we are basically 8-10 minutes due South from Katy Mills outlet.
Yeah, we are basically 8-10 minutes due South from Katy Mills outlet.
Posted on 1/21/14 at 2:03 pm to yellowfin
quote:
I lived in Katy and didn't know where Fulshear was until my buddy moved there
Most people say this and then they realize that most of the new construction in Cross Creek Ranch is priced from the $580s. Then people begin to understand why living out West is desirable.
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