View Full Version : Association fee poll
DBreskin
08-10-2022, 06:12 AM
The 30 homes in my Wolfeboro community have an owners’ association. The annual $800 assessment is primarily for maintenance and repair of the one mile of private road (plowing, repaving, etc). The assessment hasn’t changed in 20 years.
Some owners are unhappy about the assessment. They believe it is costlier than in neighboring communities, and for fewer services.
I’d like to be able to compare our assessment with other Wolfeboro communities. Can anyone in this forum share the monthly/annual costs for other associations?
rsmlp
08-10-2022, 06:22 AM
The 30 homes in my Wolfeboro community have an owners’ association. The annual $800 assessment is primarily for maintenance and repair of the one mile of private road (plowing, repaving, etc). The assessment hasn’t changed in 20 years.
Some owners are unhappy about the assessment. They believe it is costlier than in neighboring communities, and for fewer services.
I’d like to be able to compare our assessment with other Wolfeboro communities. Can anyone in this forum share the monthly/annual costs for other associations?
$1400 in moultonboro
joey2665
08-10-2022, 06:34 AM
The 30 homes in my Wolfeboro community have an owners’ association. The annual $800 assessment is primarily for maintenance and repair of the one mile of private road (plowing, repaving, etc). The assessment hasn’t changed in 20 years.
Some owners are unhappy about the assessment. They believe it is costlier than in neighboring communities, and for fewer services.
I’d like to be able to compare our assessment with other Wolfeboro communities. Can anyone in this forum share the monthly/annual costs for other associations?
Hard to compare as amenities differ so much from HOA to HOA. but I cal tell you that 800.00 per year to maintain a one mile road including plowing repair and repaving is extremely reasonable.
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thinkxingu
08-10-2022, 06:38 AM
Are you looking for year-round home associations or seasonal, too?
Arcadia will be $18xx next year, but that includes all roads; 6 bathhouses/laundry rooms; a rec hall; tennis, pickleball, and basketball courts; playground; etc. etc.
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DBreskin
08-10-2022, 07:24 AM
Are you looking for year-round home associations or seasonal, too?
I’m not sure that matters in our case. All but 3 of the homes in our community are year-round permanent residents.
DBreskin
08-10-2022, 07:28 AM
$1400 in moultonboro
I assume that’s an annual assessment. What services does it include?
DBreskin
08-10-2022, 07:37 AM
Hard to compare as amenities differ so much from HOA to HOA. but I cal tell you that 800.00 per year to maintain a one mile road including plowing repair and repaving is extremely reasonable.
Additionally, the road is steep. It rises about 300 feet along its length, with short sections up to 25 degree incline.
joey2665
08-10-2022, 07:56 AM
Additionally, the road is steep. It rises about 300 feet along its length, with short sections up to 25 degree incline.
Then the owners that don’t like the charge should actually feel very fortunate. That is a true bargain.
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sawyerpoint
08-10-2022, 02:56 PM
#31 homes in Sawyerpoint Assoc with 3 miles of dirt roads Cost for road maintenance and plowing js $385
camp guy
08-10-2022, 04:47 PM
31 x $385. = $11935.00. What does this annual money pay for?, and what happens if the actual expenses exceed the annual income? IMHO, this seems low for total maintenance. Also, what happens to any accumulated excess over time?
Tufty4me
08-10-2022, 05:28 PM
We are in Tuftonboro.
Approximately 1.5 miles of packed gravel roads.
Our annual HOA is $500.
Includes road maintenance/plowing and property maintenance of common areas (mowing, leaf blowing, trimming).
HOA still under construction, many trucks requiring grading of road surface
and filling of potholes.
50+ home sites, 21 full-time residents, 5 part-time, 25 under construction,
3 lots available.
Descant
08-19-2022, 11:27 AM
Am I correct that the HOA road assessment includes a sum for property taxes? Different in each town? How much goes into reserve fund for major rebuild/reconstruction? Seems like in smaller associations a larger percent would have to go to reserves.
neckdweller
08-22-2022, 02:55 PM
Half mile private dirt road in Moultonboro. 13 homes and it's $300-$350 per year. That pays for post mud season road maintenance and may or may not have to include some other small stuff like tree work. Plowing is done by the town.
DBreskin
08-22-2022, 03:58 PM
Am I correct that the HOA road assessment includes a sum for property taxes? Different in each town? How much goes into reserve fund for major rebuild/reconstruction? Seems like in smaller associations a larger percent would have to go to reserves.
Our assessment does not include property taxes; those are assessed by the town separately for each owner with their individual property taxes.
We try to put 10% of the income toward reserve each year.
BoatHouse
08-23-2022, 05:49 PM
Small 9 home community with ¼ mile road, beach, docks and moorings. $400 per year. $150 for annual expenses and $250 for reserve fund.
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