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Fayetteville - Springdale - Rogers Northwest Arkansas
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Old Yesterday, 03:05 PM
 
1,174 posts, read 1,149,702 times
Reputation: 3993

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My husband and I are getting ready to retire. We seem to be all over the map about where to retire to. We want to move to a community where a lot of other retired people live and play so that we can make friends and keep ourselves busy.

Originally we were thinking that this would best be met at a 55+ Active Adult Community. However, we are not opposed to a community that is not age restricted.

We've been investigating Bella Vista on and off for about two years. One of the things that concerns us is the HOA fees. We see that they are about $24 per month. This seems very low to us considering that there are golf courses, recreation centers, pools, tennis courts, fitness centers, etc. We've noticed that other very large communities with lots of amenities too have much higher monthly fees.

1. Who exactly owns all of these amenities in Bella Vista?

2. Who is responsible for keeping the amenities in good repair?

3. What does the HOA fee cover?

4. How does the balance sheet look for Bella Vista?

5. Are there separate charges to use the different amenities apart from the HOA fee?

6. Are there high transfer fees when you buy a house that would help to cover the cost of keeping the community in good repair?

We are somewhat concerned that with a monthly HOA fee of $24 there may be hefty special assessments down the road as buildings and equipment age.

Thank you for your help. Bella Vista looks like a lovely place to live.
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Old Yesterday, 03:30 PM
 
Location: Riding a rock floating through space
642 posts, read 170,379 times
Reputation: 1705
There's not much difference between what members and non members pay for golf and other amenities. If you are worried about the hoa not having enough money to keep things nice, don't. https://bellavistapoa.com/fee-schedule/#golf
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Old Today, 06:43 AM
 
Location: Bella Vista, Ark
69,511 posts, read 79,748,271 times
Reputation: 38856
Quote:
Originally Posted by LookingatFL View Post
My husband and I are getting ready to retire. We seem to be all over the map about where to retire to. We want to move to a community where a lot of other retired people live and play so that we can make friends and keep ourselves busy.

Originally we were thinking that this would best be met at a 55+ Active Adult Community. However, we are not opposed to a community that is not age restricted.

We've been investigating Bella Vista on and off for about two years. One of the things that concerns us is the HOA fees. We see that they are about $24 per month. This seems very low to us considering that there are golf courses, recreation centers, pools, tennis courts, fitness centers, etc. We've noticed that other very large communities with lots of amenities too have much higher monthly fees.

1. Who exactly owns all of these amenities in Bella Vista?

2. Who is responsible for keeping the amenities in good repair?

3. What does the HOA fee cover?

4. How does the balance sheet look for Bella Vista?

5. Are there separate charges to use the different amenities apart from the HOA fee?

6. Are there high transfer fees when you buy a house that would help to cover the cost of keeping the community in good repair?

We are somewhat concerned that with a monthly HOA fee of $24 there may be hefty special assessments down the road as buildings and equipment age.

Thank you for your help. Bella Vista looks like a lovely place to live.
OK, let me try to answer some of your concerns or questions: I do not have all the answers but am pretty active in the community and a true BV loyalist I might add.

As for finances, the city and the POA have no problems. We have just added an upscale restaurant a little over a year and upgraded the country club, both in and out. There is a very active bar and grill with good food and good prices. We also have upgraded one of our recreation centers. It has pool tables, a fantastic work out center, another exercise area, indoor pool and spa. We use it 3 times a week, as it is only about a mile from our home. For those over 65 with certain insurance there is little or no charge. For POA members, not covered there is some charge and for guests there are added fees. This is pretty much the way most of the facilities work. Non members pay higher fees, but even POA members to pay some fees. And yes, you are right our POA assessment of $24 a month is very low. Hopefully one of these days people will understand and vote for an increase.

Now as for in good repair, believe me everything is kept in good repair, but an increase of dues would help with some modernization that is needed. Our main community center does need help. It probably would be totally gutted and rebuilt.

Hope this helps I would suggest, which I am sure you have already thought about, that you take a trip up here and spend a couple of days investigating. Most realtors are more than willing to spend time with you,showing you around. We also have a group known as the Ambassadors that act as guides and hostesses for people wanting to learn more about the area. YOu can find them on line I believe. we have friends that are part of the group.
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Old Today, 04:35 PM
 
1,174 posts, read 1,149,702 times
Reputation: 3993
Thank you. We are planning a visit.
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