StevenL5 (Georgia)
Posts: 2
Posts: 2
Posted:
We have two tennis courts in a subdivision of just under 250 single family homes. The courts were built at the start of our development back in 1995-1996.
There were some cracks in the courts that appeared last year that we paid a bit under $20k for surface repairing.
Now, some more cracks have appeared and the consensus is that settling is occurring under the courts.
We got an unofficial estimate of over $75k just to completely resurface the courts, and this doesn't cover the other costs for foundation repair (no quotes on this yet)!
Our annual dues brings us in about $100k per year, with a reserve of about $30k.
This one time hit of probably close to $100k for court repair will deplete the small reserve we have. We were thinking special assessment, but just raised the dues last year $50 a home, so a special assessment may not go over well.
We realize this is a potential turning point in the neighborhood remaining attractive to future homeowners or being relegated to a second-class neighborhood.
What suggestion do others have regarding this? Obviously, we'll get better quotes and may find some less costly, but we'd like to know some other suggestions.
There were some cracks in the courts that appeared last year that we paid a bit under $20k for surface repairing.
Now, some more cracks have appeared and the consensus is that settling is occurring under the courts.
We got an unofficial estimate of over $75k just to completely resurface the courts, and this doesn't cover the other costs for foundation repair (no quotes on this yet)!
Our annual dues brings us in about $100k per year, with a reserve of about $30k.
This one time hit of probably close to $100k for court repair will deplete the small reserve we have. We were thinking special assessment, but just raised the dues last year $50 a home, so a special assessment may not go over well.
We realize this is a potential turning point in the neighborhood remaining attractive to future homeowners or being relegated to a second-class neighborhood.
What suggestion do others have regarding this? Obviously, we'll get better quotes and may find some less costly, but we'd like to know some other suggestions.