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Information on HOA Laws and Fees When Buying Crested Butte Home

September 21, 2018 By Chris Kopf

Information on HOA Laws and Fees When Buying Crested Butte HomeInformation on HOA Laws and Fees When Buying Crested Butte Home

When buying your Crested Butte home it is very likely that’ll end up dealing with an HOA, also known as Home Owners Association. Typically all condos and townhomes and many single-family homes are a part of an HOA. If you’ve never had to deal with an HOA before you might be curious about what it all means. Here’s lots of information on HOA laws and fees when buying Crested Butte home.

What Documents and Laws Govern an HOA?

Are You Ready to Sell Your Crested Butte Home?Articles of Incorporation establish the legal basis of the association. The HOA files the Articles of Incorporation with the Colorado Secretary of State’s Office. The associations are typically in the form of a non-profit corporation. A plat map shows the defined boundaries of the various lots within the development or subdivision. It shows the association’s title with regard to the common areas as well. This is recorded at the county recorder’s office where the property is located. CC&Rs (Covenants, Conditions, and Restrictions), sometimes referred to as Declarations, contain the deed restrictions to the property and the need for the creation of the association. They are also recorded at the county recorder’s office in the county where the property is located. Bylaws are the rules concerning the management and administration of the association. Resolutions, Rules and Regulations are additional restrictions for the community members that the association can adopt.

Selling Crested Butte Home You BuiltFederal laws that govern HOAs include the Fair Housing Act, Internal Revenue Code, the Americans with Disabilities Act, and the Fair Debt Collection Practices Act. This lays out what the HOA can and can’t do. There are state laws specific to common-interest communities such as condos, cooperatives, and homeowner associations. There may also be some additional state laws of concern, such as the State Fair Housing Laws and the state Fair Debt Collection Practices Act. Local municipal ordinances that may affect HOA and HOA members include building codes, animal control, and parking restrictions. Additional legal authority may impact an association, such as court case law, standards set by and for professionals, and certain lender requirements.

HOA Fees

Crested Butte Luxury CondoExpect that there will be an HOA fee for your condo, townhome and many single-family homes. These fees are based on years of actual costs, and a budget and financials will be available to you to review. Some HOAs have professional managers, and the fees will cover the management expense of this service. Sometimes homeowners who volunteer to sit on the board manage the HOA.

Typically HOAs have a subcontracted property manager who oversees all aspects of the physical management. They oversee maintenance throughout the year and coordinate subcontractors as well. Most HOAs are well run and have a sufficient capital reserve fund. They will also have a planned maintenance schedule that goes out for many years. However, other HOAs may not be able to get fees increased or assessments approved. This means they will continue to see deterioration to facilities, and consequently property values will suffer.

Information on HOA Laws and Fees When Buying Crested Butte Home Thoughts

Crested Butte Co Real EstateI hope you see the level of detail and time and effort I put into this candid article Information on HOA Laws and Fees When Buying Crested Butte Home.  I have become a Top Real Estate Agent in Crested Butte by helping my clients to make informed decisions. Some decisions are not always easy.

This is representative of what you can expect from me as your agent.

If you have questions about what home with what amenities might be the right one for you – contact me directly to discuss.

Thanks,
Chris.

How can I help you?

Chris Kopf Author Real Estate AgentI have over 30 years of sales and marketing experience and am a top real estate agent in the mountain town of Crested Butte, Colorado representing affluent clients who are buying and selling their homes and properties. To see featured properties or search the MLS – visit chriskopf.com.

How is the Crested Butte Market doing?  Click this link to see my monthly Crested Butte Real Estate Market Reports.

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Chris Kopf
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Global Luxury Property Specialist
Coldwell Banker Mountain Properties
chris@chriskopf.com
(970) 209-5405

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Chris Kopf, Coldwell Banker Mountain Properties
305 6th Street
Crested Butte, CO 81224
  • Chris.Kopf@CBMP.com
  • (970) 209-5405

Testimonials

Bobby Nichols

"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "

 
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:45:19-07:00
"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "  
https://chriskopf.com/testimonials/bobby-nichols/

Jeff Hollings

Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:46:48-07:00
Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
https://chriskopf.com/testimonials/jeff-hollings/

James Brennan

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
Crested Butte Real Estate by Chris Kopf
2014-10-14T17:59:24-06:00
This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
https://chriskopf.com/testimonials/james-brennan/

Jane Saltzman

Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:49:37-07:00
Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
https://chriskopf.com/testimonials/jane-saltzman/

Georges Lussier

The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:40-06:00
The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
https://chriskopf.com/testimonials/georges-lussier/

Frank Stringer

Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:51:04-07:00
Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
https://chriskopf.com/testimonials/frank-stringer/

Paul & Julie Keesee

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:59-06:00
Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
https://chriskopf.com/testimonials/paul-julie-keesee/

Jim & Sandra Wickham

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:18-06:00
Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
https://chriskopf.com/testimonials/jim-sandra-wickham/

Tom & Mary Aton

It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:31-06:00
It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
https://chriskopf.com/testimonials/tom-mary-aton/

Dan Aquaviva

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:26-06:00
This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
https://chriskopf.com/testimonials/dan-aquaviva/
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Crested Butte Real Estate by Chris Kopf

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