Sunset Cove

[ccutequeen]

Thanks for the replies. I agree the neighborhood seem to be not as nice. This place kind stands out. I looked at the houses available in same area, they do seem to have better value considering there is no HOA. The reason I consider Sunset Cove is because I am a single girl and this is going to be my first place, I worry about the work thats involved with older houses. The repair and maintanence…I am really not that handy. And dont want to spend that much time on cutting grass..worry about roof replacement…other parts of house that might break down…etc.
It seems like HOA has been brought up many times. Is it really much more expensive to pay HOA vs repair house yourself? What kind rules can they restrict me with? Its my own place after all right..I mean how much saying are they going to have on what I do in my own place?

[ccutequeen]

Thanks for the replies. I agree the neighborhood seem to be not as nice. This place kind stands out. I looked at the houses available in same area, they do seem to have better value considering there is no HOA. The reason I consider Sunset Cove is because I am a single girl and this is going to be my first place, I worry about the work thats involved with older houses. The repair and maintanence…I am really not that handy. And dont want to spend that much time on cutting grass..worry about roof replacement…other parts of house that might break down…etc.
It seems like HOA has been brought up many times. Is it really much more expensive to pay HOA vs repair house yourself? What kind rules can they restrict me with? Its my own place after all right..I mean how much saying are they going to have on what I do in my own place?

[ccutequeen]

Thanks for the replies. I agree the neighborhood seem to be not as nice. This place kind stands out. I looked at the houses available in same area, they do seem to have better value considering there is no HOA. The reason I consider Sunset Cove is because I am a single girl and this is going to be my first place, I worry about the work thats involved with older houses. The repair and maintanence…I am really not that handy. And dont want to spend that much time on cutting grass..worry about roof replacement…other parts of house that might break down…etc.
It seems like HOA has been brought up many times. Is it really much more expensive to pay HOA vs repair house yourself? What kind rules can they restrict me with? Its my own place after all right..I mean how much saying are they going to have on what I do in my own place?

[ccutequeen]

Thanks for the replies. I agree the neighborhood seem to be not as nice. This place kind stands out. I looked at the houses available in same area, they do seem to have better value considering there is no HOA. The reason I consider Sunset Cove is because I am a single girl and this is going to be my first place, I worry about the work thats involved with older houses. The repair and maintanence…I am really not that handy. And dont want to spend that much time on cutting grass..worry about roof replacement…other parts of house that might break down…etc.
It seems like HOA has been brought up many times. Is it really much more expensive to pay HOA vs repair house yourself? What kind rules can they restrict me with? Its my own place after all right..I mean how much saying are they going to have on what I do in my own place?

[ccutequeen]

Thanks for the replies. I agree the neighborhood seem to be not as nice. This place kind stands out. I looked at the houses available in same area, they do seem to have better value considering there is no HOA. The reason I consider Sunset Cove is because I am a single girl and this is going to be my first place, I worry about the work thats involved with older houses. The repair and maintanence…I am really not that handy. And dont want to spend that much time on cutting grass..worry about roof replacement…other parts of house that might break down…etc.
It seems like HOA has been brought up many times. Is it really much more expensive to pay HOA vs repair house yourself? What kind rules can they restrict me with? Its my own place after all right..I mean how much saying are they going to have on what I do in my own place?

[Raybyrnes]

HOA fees are not generally understood. You have to collect money today for future repairs tomorrow. Therefore you are building a reserve. The problem in this environmnet is that if you don’t sell out the units quicky enough the HOA Reserve is being underfunded and could produce problems down the line. If you are single and on a 5 year plan this may not be important. By this I mean you have a new unit that yu are not going to have to worry about. Additinally while the area is notthe greatest it is not the worst either. You are close to the beaches and downtown. You ae not that far to Sorrento Valley. The 5 Free way is right there. You do not have to think about schools for kids. And if you decide to hod on to this unit s a long term buy it might make a great rental for a young family down the line who like you might not care so much about the school system.

[Raybyrnes]

HOA fees are not generally understood. You have to collect money today for future repairs tomorrow. Therefore you are building a reserve. The problem in this environmnet is that if you don’t sell out the units quicky enough the HOA Reserve is being underfunded and could produce problems down the line. If you are single and on a 5 year plan this may not be important. By this I mean you have a new unit that yu are not going to have to worry about. Additinally while the area is notthe greatest it is not the worst either. You are close to the beaches and downtown. You ae not that far to Sorrento Valley. The 5 Free way is right there. You do not have to think about schools for kids. And if you decide to hod on to this unit s a long term buy it might make a great rental for a young family down the line who like you might not care so much about the school system.

[Raybyrnes]

HOA fees are not generally understood. You have to collect money today for future repairs tomorrow. Therefore you are building a reserve. The problem in this environmnet is that if you don’t sell out the units quicky enough the HOA Reserve is being underfunded and could produce problems down the line. If you are single and on a 5 year plan this may not be important. By this I mean you have a new unit that yu are not going to have to worry about. Additinally while the area is notthe greatest it is not the worst either. You are close to the beaches and downtown. You ae not that far to Sorrento Valley. The 5 Free way is right there. You do not have to think about schools for kids. And if you decide to hod on to this unit s a long term buy it might make a great rental for a young family down the line who like you might not care so much about the school system.

[Raybyrnes]

HOA fees are not generally understood. You have to collect money today for future repairs tomorrow. Therefore you are building a reserve. The problem in this environmnet is that if you don’t sell out the units quicky enough the HOA Reserve is being underfunded and could produce problems down the line. If you are single and on a 5 year plan this may not be important. By this I mean you have a new unit that yu are not going to have to worry about. Additinally while the area is notthe greatest it is not the worst either. You are close to the beaches and downtown. You ae not that far to Sorrento Valley. The 5 Free way is right there. You do not have to think about schools for kids. And if you decide to hod on to this unit s a long term buy it might make a great rental for a young family down the line who like you might not care so much about the school system.

[Raybyrnes]

HOA fees are not generally understood. You have to collect money today for future repairs tomorrow. Therefore you are building a reserve. The problem in this environmnet is that if you don’t sell out the units quicky enough the HOA Reserve is being underfunded and could produce problems down the line. If you are single and on a 5 year plan this may not be important. By this I mean you have a new unit that yu are not going to have to worry about. Additinally while the area is notthe greatest it is not the worst either. You are close to the beaches and downtown. You ae not that far to Sorrento Valley. The 5 Free way is right there. You do not have to think about schools for kids. And if you decide to hod on to this unit s a long term buy it might make a great rental for a young family down the line who like you might not care so much about the school system.

[jpinpb]

Everyone is different. I never owned a townhouse/condo, though when I was younger I was more inclined to consider one. Having rented in condos before, I found the rules excessive. Can’t have your garage open, pet limitations, parking restrictions, car restriction (one place wouldn’t allow you to have a lifted truck – not that I do, but come on – militaristic) and on and on.

They give you a list of the HOA rules. Read them carefully. They are lengthy. My understanding, the rules can change and be added at their whim.

Also, nowadays, w/defaults, condos are assessing special fees, since they are not getting enough money from everyone that should be paying.

Certainly/hopefully not the case w/Sunset Cove. They’re fairly new. But that’s not to say it can never happen ever in the future. You’re relying on others to pay their share and that the money is managed properly.

Also, I think that the HOAs can also increase as their costs may be subject to inflation, rising costs of expenses, etc. I’m not 100% certain on that. Maybe they won’t raise fees. But say, 10-15 years from now the place needs a new roof and there’s not enough money in the HOA account, you may get hit w/a supplemental bill. Not your problem if you’re not there for 10+ years. But you do have to sell it and someone else buying will look at that. I know I would.

I like Sunset Cove. I just think the price is a little high relative to surrounding homes selling at/near their prices, though not as new. I understand your concern about fixing older places. That doesn’t stop others. Which means Sunset Cove is competing w/the others and should reduce. But prices are still sticky and as long as people are buying, then there won’t be a reduction.

[jpinpb]

Everyone is different. I never owned a townhouse/condo, though when I was younger I was more inclined to consider one. Having rented in condos before, I found the rules excessive. Can’t have your garage open, pet limitations, parking restrictions, car restriction (one place wouldn’t allow you to have a lifted truck – not that I do, but come on – militaristic) and on and on.

They give you a list of the HOA rules. Read them carefully. They are lengthy. My understanding, the rules can change and be added at their whim.

Also, nowadays, w/defaults, condos are assessing special fees, since they are not getting enough money from everyone that should be paying.

Certainly/hopefully not the case w/Sunset Cove. They’re fairly new. But that’s not to say it can never happen ever in the future. You’re relying on others to pay their share and that the money is managed properly.

Also, I think that the HOAs can also increase as their costs may be subject to inflation, rising costs of expenses, etc. I’m not 100% certain on that. Maybe they won’t raise fees. But say, 10-15 years from now the place needs a new roof and there’s not enough money in the HOA account, you may get hit w/a supplemental bill. Not your problem if you’re not there for 10+ years. But you do have to sell it and someone else buying will look at that. I know I would.

I like Sunset Cove. I just think the price is a little high relative to surrounding homes selling at/near their prices, though not as new. I understand your concern about fixing older places. That doesn’t stop others. Which means Sunset Cove is competing w/the others and should reduce. But prices are still sticky and as long as people are buying, then there won’t be a reduction.

[jpinpb]

Everyone is different. I never owned a townhouse/condo, though when I was younger I was more inclined to consider one. Having rented in condos before, I found the rules excessive. Can’t have your garage open, pet limitations, parking restrictions, car restriction (one place wouldn’t allow you to have a lifted truck – not that I do, but come on – militaristic) and on and on.

They give you a list of the HOA rules. Read them carefully. They are lengthy. My understanding, the rules can change and be added at their whim.

Also, nowadays, w/defaults, condos are assessing special fees, since they are not getting enough money from everyone that should be paying.

Certainly/hopefully not the case w/Sunset Cove. They’re fairly new. But that’s not to say it can never happen ever in the future. You’re relying on others to pay their share and that the money is managed properly.

Also, I think that the HOAs can also increase as their costs may be subject to inflation, rising costs of expenses, etc. I’m not 100% certain on that. Maybe they won’t raise fees. But say, 10-15 years from now the place needs a new roof and there’s not enough money in the HOA account, you may get hit w/a supplemental bill. Not your problem if you’re not there for 10+ years. But you do have to sell it and someone else buying will look at that. I know I would.

I like Sunset Cove. I just think the price is a little high relative to surrounding homes selling at/near their prices, though not as new. I understand your concern about fixing older places. That doesn’t stop others. Which means Sunset Cove is competing w/the others and should reduce. But prices are still sticky and as long as people are buying, then there won’t be a reduction.

[jpinpb]

Everyone is different. I never owned a townhouse/condo, though when I was younger I was more inclined to consider one. Having rented in condos before, I found the rules excessive. Can’t have your garage open, pet limitations, parking restrictions, car restriction (one place wouldn’t allow you to have a lifted truck – not that I do, but come on – militaristic) and on and on.

They give you a list of the HOA rules. Read them carefully. They are lengthy. My understanding, the rules can change and be added at their whim.

Also, nowadays, w/defaults, condos are assessing special fees, since they are not getting enough money from everyone that should be paying.

Certainly/hopefully not the case w/Sunset Cove. They’re fairly new. But that’s not to say it can never happen ever in the future. You’re relying on others to pay their share and that the money is managed properly.

Also, I think that the HOAs can also increase as their costs may be subject to inflation, rising costs of expenses, etc. I’m not 100% certain on that. Maybe they won’t raise fees. But say, 10-15 years from now the place needs a new roof and there’s not enough money in the HOA account, you may get hit w/a supplemental bill. Not your problem if you’re not there for 10+ years. But you do have to sell it and someone else buying will look at that. I know I would.

I like Sunset Cove. I just think the price is a little high relative to surrounding homes selling at/near their prices, though not as new. I understand your concern about fixing older places. That doesn’t stop others. Which means Sunset Cove is competing w/the others and should reduce. But prices are still sticky and as long as people are buying, then there won’t be a reduction.

[jpinpb]

Everyone is different. I never owned a townhouse/condo, though when I was younger I was more inclined to consider one. Having rented in condos before, I found the rules excessive. Can’t have your garage open, pet limitations, parking restrictions, car restriction (one place wouldn’t allow you to have a lifted truck – not that I do, but come on – militaristic) and on and on.

They give you a list of the HOA rules. Read them carefully. They are lengthy. My understanding, the rules can change and be added at their whim.

Also, nowadays, w/defaults, condos are assessing special fees, since they are not getting enough money from everyone that should be paying.

Certainly/hopefully not the case w/Sunset Cove. They’re fairly new. But that’s not to say it can never happen ever in the future. You’re relying on others to pay their share and that the money is managed properly.

Also, I think that the HOAs can also increase as their costs may be subject to inflation, rising costs of expenses, etc. I’m not 100% certain on that. Maybe they won’t raise fees. But say, 10-15 years from now the place needs a new roof and there’s not enough money in the HOA account, you may get hit w/a supplemental bill. Not your problem if you’re not there for 10+ years. But you do have to sell it and someone else buying will look at that. I know I would.

I like Sunset Cove. I just think the price is a little high relative to surrounding homes selling at/near their prices, though not as new. I understand your concern about fixing older places. That doesn’t stop others. Which means Sunset Cove is competing w/the others and should reduce. But prices are still sticky and as long as people are buying, then there won’t be a reduction.

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