Before purchasing a unit in our COA community, you will want to research our rules and regulations, budget, bylaws, and other documents of the association. You should acquire a copy of the COA’s operating financial statement so that you understand how the COA assessments are allocated and ensure the reserves are adequately funded.
Reserve funds are used for large projects such as replacements or repairs within the association. Some examples of reserve fund use are:
- Roof replacement on common area buildings such as clubhouse and condominiums
- Repairs of community pool such as new pool pump, pool deck repairs or refinishing etc.
- Painting of community association buildings
- Major landscape projects
- Construction and major renovations such as sidewalk projects and asphalt sealing
To get a copy of the governing documents for the Ventura at Turtle Creek COA, Inc., please contact the Community Association Manager listed below:
Brittany Robberecht, Community Association Manager
1221 Admiralty Blvd., Rockledge, FL 32955
Phone: (321) 549-0951
There are pros and cons of living in a condo association community
- The association pays for maintenance of common areas like swimming pool, roads, sidewalks, and clubhouse. This means you are able to enjoy the use of the facilities without the hassle of maintenance.
- Some COAs offer services like landscape maintenance to keep the neighborhood looking good all the time.
- COA communities typically maintain their property values better than non COA communities. Regulating the appearance of common areas keeps your unit price higher.
- Often, COAs promote a strong sense of community. Friends can gather at the clubhouse or common areas, people get to know their neighbors, and there are usually social functions planned year round.
- Issues with neighbors are handled by the association, taking the pressure (and responsibility) off of residents.
- Loss of freedom to choose your holiday decorations or the color of your blinds/front door. COA documents dictate what you can and cannot do in common areas.
- A unit owner may encounter restrictions if they want to rent out their property. The association may require potential renters to be screened and approved by the COA Board. The duration of the rental is also regulated. Some COAs ban rentals.
- The more amenities are offered, the more the monthly assessments can be. The extra expense of monthly dues may be more than you can afford.
- Some COAs are poorly managed by board members who don’t have enough time to devote to the community. Some COAs may be managed by a third party company which can feel like giving up control of your neighborhood.
Before purchasing a property within a condo community, it is very important that you find out how the association is run, how much the monthly association fees are, what the fees cover and how much money is in the reserve fund to cover any large expenses such as replacing a clubhouse roof. Always get a copy of the rules and regulations before you purchase so that you are completely aware of what you can and cannot do within the community. For example, if you purchase within a condo unit, you won’t be able to touch the landscaping outside your home. If you are an avid gardener, this is definitely something you will want to consider before purchasing.