Is Your Raleigh Community Homeowner’s Association Underfunded?
Friday, February 1st, 2008Helping Raleigh Townhome Buyers and Sellers in the Face of Underfunded HOA’s
Back in the mid to late 1980’s Raleigh home builders began to construct several townhome communities in the greater Triangle area. While not all developers and builders targeted first time home buyers (Jud Ammons, developer of Winchester Pointe townhomes in Greystone Village built high-end luxury units), the primary reason for building these communities was to offer more affordable housing options for Raleigh home buyers. Plus, Triangle townhomes were an affordable real estate portfolio option for local investors who purchased townhome units for positive cash flow rental units. Once constructed, these townhome communities transitioned to a separate HOA management company that make it their business managing and maintaining the community.
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