Home Values Increase Faster in a Homeowners Association

Recent research conducted in Northern Virginia by a professor and student at George Mason University indicates that community associations can add a 5-6 percent increase in property values over similar homes in nearby non-association communities. Writing in Regulation magazine, the authors say that the increase in home value attributed to community associations is “especially remarkable…

Association Insurance

The Double Edged Sword  Association master hazard insurance premiums are going up and in some cases rising at double digit percentages.  Even worse, many insurance companies are dropping coverage for high risk associations. Causes:  Recent catastrophic weather events have devastated insurance company profits.  The lackluster stock market has negatively effected many insurance company stock investments. …

Consumer Price Index

The governing documents of many homeowner associations peg annual dues increases to the Consumer Price Index or CPI.  For example, a typical CPI provision may read: “the annual dues may be increased no more than the average CPI index for the prior 12 months.”  Board members and our company are often asked by members of…