Look through the HOA’s reserve study to make sure that the reserves are properly funded. “Usually, if the HOA is 70 percent or more funded, they will be able to make all their repairs on time with enough cash flow,” says Scott Ford, president of residential real estate development consulting firm, California Builder Services. “If they’re less than 40 percent funded, walk away!” he warns.
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Homeowners’ associations face a delicate balancing act when it comes to funding reserves, and sometimes the financial burden can feel overwhelming—especially for those on fixed incomes. A recent question from a homeowner highlights a common dilemma many HOA residents face when boards must play financial catch-up.
If you’re a developer planning a new subdivision or condo project in California, you’ve likely heard about the DRE Public Report requirement. But understanding how long it takes and how much it costs can feel like a moving target. At California Builder Services, we’ve processed thousands of these reports, so here’s a straightforward guide to help you plan.
If you’re a developer, attorney, or consultant preparing a subdivision for sale in California, chances are you’ll need to prepare a Department of Real Estate (DRE) budget as part of the Final Public Report (FPR) application. This guide will walk you through what the California DRE expects in a compliant HOA budget, the common pitfalls to avoid, and how to streamline the approval process.
As the “Silver Tsunami” sweeps across California and the nation, communities are grappling with a pressing challenge: ensuring that aging baby boomers have access to affordable and suitable housing. By 2030, all baby boomers will be aged 65 or older, creating an unprecedented demand for senior-friendly housing options sooner than later. Yet, for many, the dream of aging in place is slipping out of reach due to financial constraints and an inadequate supply of affordable housing.
