GRAND JUNCTION, Colo. (KKCO) - As of Tuesday, March 1st, all Homeowner's Associations with the state of Colorado must have registered with the Colorado Division of Real Estate.
The goal is to have documentation of all HOAs, in order to keep them informed of changing laws, and to provide information on the rights of homeowners.
Calvin Hofer is the president of the HOA at Spanish Trails in Grand Junction. He says as president, he has several duties, including calling meetings, and keeping his residents informed of rules in the neighborhood. He also keeps an eye on the budget, though he doesn't handle any money.
Hofer says the monthly dues at Spanish Trails add up to $35 a month. That includes just under $18 for lawn maintenance, $9 to pay the management company, which collects the monthly fees, and the rest for insurance and emergencies, like fixing infastructure.
He says, "If the sidewalk cracks, or there's a water main break, we need to have money budgeted for that."
Hofer says it's up the residents of each neighborhood to educate themselves on covenants, conditions, and restrictions before they buy a home. That way, if they think the monthly fees are too high, or the money isn't spent wisely, they can make the decision not to move in to the neighborhood.
He also adds that change is possible. He says, "If they don't like what the HOA is doing, then the next step is to get on the board and affect some positive change.
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