It’s time to be OUTSIDE!!!  So whether your plan is to rollerblade the Yampa River core trail, mountain bike Spring Creek trail to Buffalo pass, play eighteen holes of golf at the Haymaker Golf course or simply have a picnic lunch in little toots park, it’s time to enjoy the weather. On the way , no doubt, you will see people of all ages on the soccer and baseball fields, some kayakers and fishermen. As you pass them just give them a nice wave and a friendly Steamboat hello as is our custom. Steamboat Springs, after all, is all about recreation and friendliness.

Speaking of friendly, there is a very friendly deal on the market in Quail Run condominiums. It is a two bedroom one bath unit with an attached garage and 993 square feet of room for $299,900.00. This second floor unit was built in 1999 and has vaulted ceilings so it seems like there is even more room along with a gas fireplace. The next lower priced one is listed at $369,000.00 and the last one of this size to sell went for $ 392,000.00. One of the unique items at Quail Run is that all the heating and hot water is included in the HOA fees. At $313.00 per month this includes water, sewer, trash, cable TV, exterior building maintenance, exterior building insurance, lawn maintenance, snow plowing and shoveling and a common area hot tub. 

Also included in the HOA, and something you should always ask about, is Capital Reserves. A portion of every month’s dues goes into a fund for future maintenance or improvements. Most healthy home owner associations have this valuable tool in place. Most healthy home owner associations also have a 10 to 20 year maintenance plan in place with costs and timelines. This allows you to look into the future and see what is on the horizon as far as needed repairs. The Capital Reserve account can be used to fund these improvements in a couple of ways. If it is a minor project then the entire amount can be taken from this account. If it is a major expenditure then this account can be used to leverage a loan to pay for the repairs and/or replacement of the item. This method means that there should be no major special assessments dropped on your door step. Also remember that once you own a property then you are a part of the HOA and can, and should, be actively involved in the HOA’s decision making.

This entry was posted on Friday, May 29th, 2009 at 8:08 am and is filed under Real Estate Opportunities, Steamboat Condominiums, The Steamboat Lifestyle. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.