Selling townhomes as condos & creating an HOA for it

Selling townhomes as condos & creating an HOA for it

Developer · Denver, CO · Member since 2018 · 3 posts · 0 votes

I'm building 11 townhomes in North Denver and plan to sell them as condos.
These buildings will have shared community gardening and parking.
I'd like to find an attorney that can help with setting up the HOA & bylaws.

The units are all set up as separate entities (separate solar systems, etc...).
Yet, there is actually quite a bit to think about in terms of maintenance & other hoa rules.

How is the watering of the shared gardening space being handled?
How much builders risk do I have to assume?
Does an external management make sense for such a small HOA?
How do you best position the HOA as a benefit to the future condo owners to get the best sale price?

I'd appreciate any recommendations and insight from the community.

0Reply
27 views

1 Reply

Jump to latestLatest
  • Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
    4y

    A lot of times the buyers don't really look too far into the HOA rules. It's shocking. Depending on where it was located here in town, I'd allow for short term rentals in the complex.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.