Let’s take a look at the CC&R’s of Sunriver, OR and how they can affect a Buyer or Seller of Sunriver Properties. It is important to be aware of the CC&R’s (Covenants, Conditions and Restrictions) of the area of which a property is located. Sunriver has a set of CC&Rs and each of the condominium complexes has their own rules in addition to the ones set by Sunriver. A couple of the communities within Sunriver that are not condos actually have a second set of CC&Rs also.
When a buyer uses a REALTOR® that is not familiar with what the CC&Rs are or what the Home Owners Association covers they put themselves at risk of buying something that will not allow for changes or uses that the buyer intended.
Sunriver is a resort community;
however there are many full time residents in Sunriver. You can easily access most of these rules by visiting the website created for Sunriver Owners.
In Sunriver there are restrictions for fencing, size of the home in comparison to the lot, roofing materials and paint colors. Although many visitors and buyers may not agree with some of these restrictions. It these very restrictions that keeps Sunriver the beautiful resort it is.
Sunriver home owners pay an HOA (Home Owners Association). This gives access to the use of over 30 miles of bike/walking paths, swimming pools and discounted golf on two courses. Not to mention the snow removal on the roadways and the beauty of living in a resort.
In addition to the Sunriver HOA fee each condominium complex has a HOA fee of its own. These vary from condo complex to complex. Just as the fees vary so do the amenities of the complex and what the fees cover.
Each of the condo associations has a manager
It is always best to check with the association to be sure you have the latest version of the CC&Rs. It can be beneficial when purchasing a condo to obtain a copy of the minutes from meetings over the last year. This will alert you to possible changes being considered and fees you will be paying. There are times when an association will have a special assessment. Assessments cover additional costs not in the complex budget such as new roofing or decks. By reviewing the minutes you will be aware of upcoming expenses and not taken by surprise.
One of the attractions to buyers of a condo is lower home owners insurance. Most of the condo associations actually cover the building and fire insurance. The owner is only responsible for covering are the contents and liability. Another attractive feature of the condo association is that in most cases the exterior maintenance is covered by your fee.
On the flip side of the condo ownership, you need to remember that these association fees will increase your monthly payment. Some condos do not allow hot tubs; others do not allow nightly rentals, having a REALTOR® that knows Sunriver and the differences in the properties can save the buyer a lot of time, money and heartache.
Missy Caulk says
In Michigan we have 3 days for the buyers to review all the rules and decide if they are acceptable. It is standard here.
Cyndee Haydon says
Thesa that was great information – it’s always important to know each Condos Rules fully before buying. Thanks for a great post.
Mana Tulberg says
Thesa, What a great post for Condo buyers in Sunriver.
Joanne Hanson says
Thesa, some of our condo complexes also have double dues, to both the HOA and a master associaton. In addition, many of them have a transfer tax of from 1 to 2% of the purchase price, traditionally, but not always, paid by the Buyer. Another reason to be sure that you have a knowledgeable Realtor to guide you.
Joanne Hanson says
OH, and PS, thanks for the mention! I do appreciate it.
Stephanie Edwards-musa says
Thesa, this is amazing information for Sunriver Oregon. I can see that you truly are the expert in the area and always look after your clients best interest in making sure that they completely understand what they are signing.
Indy Agent says
In a resort area, I can imagine the HOA has to keep a watch on and enforce the guidelines of their CC&R’s. The residents and vacationers there would expect it. I think the fees in Sunriver are very low.
SUSIE rOSCOE says
Thesa – it’s amazing the rules and covenants of communities all over the U.S. This will be a terrific source once you links to the additional communities. You are a great source of knowledge for the community of Sunriver.
Albuquerque Real Estate - Ashley says
Important information that can be overlooked. This is why working with an agent who knows the area is so important. It sounds like Sunriver has alot of HOA’s to stay on top of.