[RayinPenn]

Some years back My father-in-law bought a time share in the powattan plantation in virgina. When they were building and selling new units the place was beautiful, well maintained and a pleasure to visit. A few years later when the units were all sold the deterioration was almost immediate. They simply took huge fees for maintenance and didn't put it back into the facility. Walls, rugs and interiors were just nasty. Their gold resort status was lost which made the units less desirable to trade.. It was just a disaster.

So I wonder what is to stop TV from going down the path? Is there some organizational/structural difference to prevent this? I want to buy but have this concern. Am I crazy?

[mulligan]

Yup. As each district is completed, as in districts 1-6, they are turned over to owner control. All the mechanism's are in place to continue maintenance into infinity and beyond.

[RayinPenn]

So there are owners associations that decide on maintenance levels nd fees?

[brostholder]

As I understand it, the districts are much more than owner associations. They are a form of government, and as such they develop and administer a budget for upkeep of our common areas. I also believe that we are charged for this through our amenities fees and increases to our amenities fees are limited to cost of living inflation. Again, it has been some time since I attended the primer class on this, so if my memory has once again failed me, I am sure that someone more knowledgeable will help.

[mrfixit]

Originally Posted by mulligan

Yup. As each district is completed, as in districts 1-6, they are turned over to owner control. All the mechanism's are in place to continue maintenance into infinity and beyond.

....or at least until 2034..(or 2036).....for the NON-homeowner property,
........................................'iffen ya reads the fine print.
...In 2034, will begin my worry-phase.

...PLUS... in Matthew 6:34 it plainly states.........
Therefore do not worry about tomorrow, for tomorrow will
worry about itself. (as frequently "Quoted" by my STONER 'cuzzin )

[EdV]

Sorry but the turnover does not include the recreational facilities, clubhouses, pools and executive golf courses that are in those districts. They are, and will remain the property of the developer. They are maintained by your amenity fees but are and will be managed by a board of trustees that he and he alone appoints.

[mrfixit]

Originally Posted by EdVinMass

Sorry but the turnover does not include the recreational facilities, clubhouses, pools and executive golf courses that are in those districts. They are, and will remain the property of the developer. They are maintained by your amenity fees but are and will be managed by a board of trustees that he and he alone appoints.

........EXACTLY.......

........at least TWO of us have been reading the fine print...
Therefore in 2034 (or 2036)...I shall BEGIN my worry phase.

[missypie]

Originally Posted by RayinPenn

Some years back My father-in-law bought a time share in the powattan plantation in virgina. When they were building and selling new units the place was beautiful, well maintained and a pleasure to visit. A few years later when the units were all sold the deterioration was almost immediate. They simply took huge fees for maintenance and didn't put it back into the facility. Walls, rugs and interiors were just nasty. Their gold resort status was lost which made the units less desirable to trade.. It was just a disaster.

So I wonder what is to stop TV from going down the path? Is there some organizational/structural difference to prevent this? I want to buy but have this concern. Am I crazy?

I have been there and know what you are saying. TV is not like a Timeshare. Different animals.

[RayinPenn]

Obviously TV isn't a timeshare what my concern is about unchecked greedy corporations..

[EdV]

But keep in mind that unlike a traditional residential community developer, after the build out, this developer and his extended family will have a huge commercial property base to manage and continue to profit from.

[Graytop]

Originally Posted by RayinPenn

Obviously TV isn't a timeshare what my concern is about unchecked greedy corporations..

For your concerns, there is a property owners association independant of the developer that is always on the lookout for us. The developer has their own in place also.

[graciegirl]

Originally Posted by EdVinMass

But keep in mind that unlike a traditional residential community developer, after the build out, this developer and his extended family will have a huge commercial property base to manage and continue to profit from.

Good thing you said that Ed. I was loadin' up my squirt gun with hot water after your previous post.

[Graytop]

Originally Posted by RayinPenn

Obviously TV isn't a timeshare what my concern is about unchecked greedy corporations..

....unchecked, greedy corporations,....where have I heard that before?

[SunCity]

when we first moved into sun city, it was clean and wonderful. it was kept up great. then we had 'build out' and del webb moved on. our place is nice but not the same as when del webb was the owner. it has definitely gone down the tubes.

i have been keeping an eye on the villages. i have friends who live there. i even watch their youtube thing on the website. it sure looks and sounds like your developer is going to be there for a long time to come.

you guys are lucky. your place is so much nicer than sun city.

i wish our family was in florida, not here in arizona. i think you have got a good developer who will keep your place up even after your build out. could you send that developer to sun city?

[janmcn]

Originally Posted by EdVinMass

Sorry but the turnover does not include the recreational facilities, clubhouses, pools and executive golf courses that are in those districts. They are, and will remain the property of the developer. They are maintained by your amenity fees but are and will be managed by a board of trustees that he and he alone appoints.

Is this going to be different from the facilities north of 466 which were turned over to the VCDD at a highly inflated price to the residents?