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09-13-2018, 08:39 AM | #1 |
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Larger vs smaller associations
Looking at different areas to purchase a second home, with an eye towards eventual retirement. Hubby wants an association, with little outside maintenance for him. Any opinions on larger vs smaller communities? Have visited, and really liked, SDS, but what about the other end of the spectrum like Mallard Cove?
Appreciate any thought and opinions you may have! Last edited by DznyGirl; 09-13-2018 at 08:40 AM. Reason: Change wording |
09-13-2018, 08:47 AM | #2 | |
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09-13-2018, 09:09 AM | #3 |
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I prefer the smaller the better but that's a personal preference.
I've only been involved with two small ones. My first was 15 homes so the association was only for the waterfront lot. Each home owner took care of their own personal property. We would rotate officials in charge every 2 years. The one I'm in now is only 4 homes. No one is really in charge. We call it the "procrastination association". We are all over 60 and we talk about what we want to do every year but not much gets done unless I do it. I'm actually the youngest and the newest member so I take upon myself to improve the waterfront area a little every year, which I don't mind at all since I use it the most. It's very laid back, which I like. The bigger the associations, the bigger the fees and more members means more people that have to try and get along. The smaller associations are more hands on and require more individual work. Last edited by Biggd; 09-13-2018 at 11:23 AM. |
09-13-2018, 09:37 AM | #4 |
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We love SDS. Although it is big its broken down into many villages which still make it feel quaint. Also the bigger association means better buying power when negotiating landscaping, snow removal etc. Its a big piece of business for those trying to get it so they pay attention to cost and accuracy. Like your husband I just want to show up and see all my chores have been done!
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09-13-2018, 10:48 AM | #5 | |
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Where is Mallard Cove? Sent from my iPhone using Winnipesaukee Forum mobile app |
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09-13-2018, 11:18 AM | #6 | |
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09-13-2018, 11:42 AM | #7 |
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HOA Fees
what are some of the HOA fees for these associations?
I'm thinking of SDS, Mallard Cove, Grouse Point, Jonathans Landing, Windwood Harbor. |
09-13-2018, 11:50 AM | #8 |
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SDS the primary HOA is 1k per year to take care of the common areas but you sub HOA fees vary by the size associate, so the Heights will be different from the Highlands, Bay Hills, Captains Walk, Daw, Colonial, Ferncroft, Golf Club, Gabels ect.......
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09-13-2018, 12:05 PM | #9 |
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I'm in the Highlands and its $350...
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09-13-2018, 12:32 PM | #10 |
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Mallard Cove currently lists an HOA fee of $290/month
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09-13-2018, 12:45 PM | #11 | |
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Big and Small
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So, it is a bit complex...the advantage of a large association wrapped around smaller associations is scale and amenities. A large association can amortize costs across a broader group...SD and LB have volunteer boards and $1k (SDRA) is extremely reasonable on a comparable basis. A small association can pay attention to individual needs without having to deal with the broad population...ex painting, residing, trash, governance etc... Jetskier |
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09-14-2018, 06:52 AM | #12 |
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What is the protocol on offsetting costs for weekends/weeks you're not there. Do associations allow you to rent your property or is that not allowed?
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09-14-2018, 07:24 AM | #13 | |
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You are allowed to rent in most if not all the villages in SDS and LB but some have restrictions on the amount of time. Some villages prefer long term rentals as opposed to short term. Make sure when you are looking at homes/condos that you read the village bylaws throughly Sent from my iPhone using Winnipesaukee Forum mobile app |
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09-14-2018, 07:28 AM | #14 |
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Wikdwood Village
On Winnisquam. Full amenities including backyard pond, 200 ft sandy beach, mooring field, launch ramp, natural gas utility etc. About 120 units with $300 @ month HOA fees.
Five minutes to Lakeport Landing, Irwin Marine. I have a boat on both winnis. Best of both worlds!
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09-14-2018, 07:40 AM | #15 |
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Allowed
SD does allow rentals...note that each of the villages have their own rules about rentals also, but generally it is allowed.
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09-14-2018, 12:25 PM | #16 |
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Association or not mostly comes down to money. An association allows more amenities/access at a lower cost. For some aspects--recreation, activities--associations can be great. For some others--privacy, freedom--associations can be horrible.
If it's about maintaining the property, it would be worthwhile to research the price of landscapers, etc. vs. HOA fees and keep that consideration in the mix. One of the condo associations we looked at had fees in the low 400's, which was almost twice as much as what it would cost to maintain the property. Sent from my Moto G (5S) Plus using Tapatalk Last edited by thinkxingu; 09-14-2018 at 01:04 PM. |
09-14-2018, 09:09 PM | #17 |
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HOA's
If Moultonborough isn't too far for you, and Long Island might be in your select range, we have both Harbourside (16 single family homes on 60+ acres that you don't have to mow and your own boat slip) and Land's End (also single family homes or alternatively a condo life with your own boat slip) and Jonathan's Landing (More of a condo set-up again with your own boat slip).
I can relate about not removing snow or mowing your onw lawn after a certain age. Any of these offer this. The only fee I know of is Jonathan's landing which runs at $775 a month. I have no idea about Harbourside or Land's End.... Good luck and what a great choice getting a second home up here. I promise you won't take a day up here for granted. We dreamed of being here for 18 years and finally made it back. I wish you the same happiness. |
09-15-2018, 03:42 PM | #18 |
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Thanks for the replies and information so far. We are hoping to narrow down to a couple of choice areas and be ready to pounce when the right thing comes along.
Cal-to-N: Moultonborough is pushing it as far as distance, although the low tax rate is definitely attractive. I really haven't looked into any associations there yet, but I will research the ones you mentioned...thank you! thinkxingu: That's one of the issues we keep going back and forth on...condo vs. private ownership. For less than some of the condo fees we are seeing, we could certainly hire landscaping/plowing help. But we do also like some of the amenities that come with the associations. BroadHopper: We seriously looked at a unit for sale in Wildwood Village this past spring. I really liked the association and the quiet area, although the unit itself needed some work. My concern was that it backed up to an area that has a not-so-nice reputation with frequent police presence. Any insight you can offer about that? I did like that it was a smaller association and the beach area seemed very nice! |
09-15-2018, 03:59 PM | #19 |
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One more thing I'll add about associations: there is a built-in set of friends, etc. I mention this because we've discovered that it's nice NOT to have to invite guests/entertain people. When we arrive at camp, the party's already there!
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09-17-2018, 08:03 AM | #20 | |
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The only time we have an occasional problem is the use of the beach. Unauthorized people are asked to leave. Most just leave. If one don't leave the police are there in minutes! I am not aware of any escalated issue. Units do need work. Mine been occupied by the original owners since 1979. It was outdated. Got a very reasonable price in 2005, and updated the unit. It is very nice. The HOA is currently replacing exterior clapboards. Original construction did not have a moisture barrier under the sidings. You will notice this have been taking care of. What can be said about the unit owners, many of them are here for the long haul. And retiring to enjoy the area. It's not a 55+ community, it just became that way.
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