Living in Florida means that you have many housing choices. Popular communities like Pelican Bay in Daytona Beach or Hunter's Ridge in Ormond Beach provide beautiful homes without maintenance worries. You pay a monthly fee and it can include lawn care, landscaping, and community pool maintenance. These communities have Homeowners' Associations (HOA) that make decisions about events and what to repair. Some communities are so large they have sub-associations.
Before You Purchase a Home in an HOA
If you want to buy a house with an HOA, your realtor should provide you with a copy of their bylaws and rules. It is important to read their rules and deed restrictions, budget, bylaws, and other documents. One of the most important things to pay attention to is the HOA's financial statement and reserve funds. Is the reserve fund adequately funded to cover large projects like new roofing?
HOA Funds for Florida Roofing
Roof replacement on common area buildings such as clubhouses and condominium units is very important. If homeowner units need a metal roof or shingle roof repair and reserves are inadequate, the HOA board will have to collect funds for the new condo roof from all the HOA members. This is called an assessment and can be expensive. It is in addition to your monthly HOA fees. In some cases, Florida weather events, such as hurricanes, damage the community property, and an assessment is required, in addition to insurance coverage.
The good news is that high-rise condominiums must be inspected more often, according to new Florida law. Inspection reports must be provided to unit owners and prospective buyers, so pay attention to these as well.
Choosing the Best Roofer
The condominium HOA will have to choose a local roofing company to do the work once it has been approved. If the project is a high-rise condo building with a flat roof, an experienced roofer is critical. Our most recent hurricane in Florida damaged several flat roofs in Daytona Beach Shores, Ponce Inlet, Flagler, and New Smyrna Beach. Professional roof repairs are important to keeping resident units dry and the building safe for everyone.
Experts in Flat Roofing
Triangle Roofing is an expert in flat roofing, commercial roofing, shingle roofing, and metal roofing. Other roofing companies call us! We have served many condo owners with quality roof repairs and installation. We are familiar with the Florida HOA approval process. Contact Joe today at joe.delia@triangleroofingusa.com.