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.
Start-up budgets that meet DRE review criteria result in HOA dues that are much higher than you expect them to be. While buyer’s HOA dues
As HOA Start-up Budgets are being created, a question we hear often is “can the dues be reduced?” More often than not, the HOA dues
If you are developing a subdivision in the state of California, you’ll need to obtain a subdivision public report before the units in your subdivision
Remember that old saying about what happens when you ASSUME? Well… it’s still true. We have a client who bought close to 100 lots on
DRE Regulations allow for HOA assessments to be waived for HOA-maintained improvements that are not complete. Regulation 2792.16c, in a nutshell, allows a complete deferment
Do you develop your project in one company/entity, and then sell homes from another entity? If so, this article is for you! When the Department
Selling homes in phases? Consider structuring your next subdivision map to include multiple road lots. Asphalt streets are definitely one of the most expensive items
Filing bonds on subdivisions are one of those requirements that you can’t often avoid, without delaying getting your project to market. Subdividers under a Final
If you have questions, we’d love to hear from you!
