JenniferA2 (California)
Posts: 27
Posts: 27
Posted:
Hello everyone, I am the Board Treasurer of a small HOA with 16 condominiums.
We just had a termite inspection that shows a lot of termites and major damage to wood fascia and trim. We will need to fumigate, then figure out how to pay for all this wood repair.
The termite guy gave us a quote for the repair but I am thinking it might be better to get our own quotes from contractors rather than the termite guy. Am I wrong about this? Won't he use an outside contractor for this as well?
Another question. Our Board President told the termite guy to go ahead and mail a copy of the inspection report to each homeowner. This includes the quote for wood repair. I am thinking the owners may panic when they see the cost, from $3500 to $5000 per unit for the wood only. I am fairly sure that this is going to be paid for by the Assoc., probably a special assessment or maybe work being done in stages, I don't know. I guess I am just trying to see how others have handled it.
I am thinking the total cost would be divided up evenly by the number of units. Our CC&R's don't even mention pest control and the Davis-Sterling Act. isn't all that descriptive either. I am just a little concerned that the owners area going to be comparing their costs and some will feel like the are getting a great deal while others will feel ripped off if they all end up paying the same price.
It would be so much easier if we could just assess each owner for the price on their report. Is that possible?
Any advice would be appreciated.
Jenn
We just had a termite inspection that shows a lot of termites and major damage to wood fascia and trim. We will need to fumigate, then figure out how to pay for all this wood repair.
The termite guy gave us a quote for the repair but I am thinking it might be better to get our own quotes from contractors rather than the termite guy. Am I wrong about this? Won't he use an outside contractor for this as well?
Another question. Our Board President told the termite guy to go ahead and mail a copy of the inspection report to each homeowner. This includes the quote for wood repair. I am thinking the owners may panic when they see the cost, from $3500 to $5000 per unit for the wood only. I am fairly sure that this is going to be paid for by the Assoc., probably a special assessment or maybe work being done in stages, I don't know. I guess I am just trying to see how others have handled it.
I am thinking the total cost would be divided up evenly by the number of units. Our CC&R's don't even mention pest control and the Davis-Sterling Act. isn't all that descriptive either. I am just a little concerned that the owners area going to be comparing their costs and some will feel like the are getting a great deal while others will feel ripped off if they all end up paying the same price.
It would be so much easier if we could just assess each owner for the price on their report. Is that possible?
Any advice would be appreciated.
Jenn