Tag Archives: parking

If You Had a Hammer

Get down to brass tacks (not to mention green dollars) with a comprehensive maintenance and repair plan.

 

A 264-unit high-rise condominium community in Alexandria, Virginia, recently imposed a special assessment of almost $9,500 per unit to fund a $4-million exterior repair project. The project concentrated on repairing spalled concrete on balconies and refinishing stained and discolored window units.

Why was such a basic project performed on such a grand scale, with such a huge price tag? Lack of regular maintenance. The community had failed to maintain cementitious coatings on the balcony decks and ledges, to replace deteriorated non-shrink grout around balcony railings, or to periodically clean windows, resulting in sand from the brick veneer reacting with and staining window glazing.

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Penny Wise and Pound Foolish

During this tough economy, associations are looking for ways to trim expenses; but opting out of insurance coverage is not a prudent choice.  In my opinion, even the smallest homeowners’ association needs insurance coverage.  If an HOA owns any property, then there is a risk that a resident, visitor or guest could be injured or hurt on that property.  Insurance claims are rare, but it is too risky to consider going without coverage.

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Repainting Your HOA’s Parking Lot to Create More Spaces: Pros and Cons

In homeowners associations that are tight on parking, one way to create new spaces is to repaint your parking lines to create smaller, yet more, spaces. But there are pros and cons. For example, you could create more conflicts among owners because of more frequent dings. And is there a possibility your association could be sued for creating spots…

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Get input before you start changing the parking rules

Michael HunterQ. For more than 10 years, one resident of our condo complex has parked his company-owned three-axle vehicle in the parking lot at nights and on weekends. Now another resident is parking a three-axle vehicle on premises. Suddenly, a few of our residents are up in arms about three-axle vehicles. After so many years of allowing such vehicles to be parked, what would be the possible repercussions of amending our rules to ban the parking of these vehicles?

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