Our commitment is to provide State approvals in a timely manner so your product gets on the market quickly, with minimal delays.
Developing common interest subdivisions in California is a complicated process. One of the complications is the requirement to create a homeowners association to oversee the maintenance and management of the common areas and amenities. The financial cost of this management is structured through a proposed Budget, which is reviewed and approved by the California Department of Real Estate (DRE). This Proposed Budget must be prepared as accurately and as thoroughly as possible; it must be used during the first year of operation of the Homeowners Association.
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We’ve been preparing start-up budgets for Homeowners Associations for over 20 years, focusing on common interest subdivisions and supporting documentation required to meet with the State Department of Real Estate approval. Developers are well advised to retain an expert consultant who is well versed in the requirements of the Department of Real Estate (DRE), and knowledgeable of the various aspects of DRE Processing and Association budgeting and operation. We have experience in creating specialized budget programs adapted for large projects, namely Level Assessments programs; Range of Assessments; and Large Increment Budget programs.