As a board member of a Washington State condominium and homeowner association (COA - HOA ), you're likely facing a challenging insurance market. The state's unique geographical features, combined with the increasing frequency and severity of natural disasters, have contributed to a hardening insurance market. This means higher premiums, reduced coverage options, and potential non-renewals. [...]
Why Smoke Alarms Matter Smoke alarms are essential life-safety devices that can alert residents to a fire and provide precious time to escape. Did you know that over 1,464 people died in house/ condominium fires in 2023? The National Fire Protection Association (NFPA) studies consistently show that working smoke alarms reduce the risk of dying [...]
The Pacific Northwest is known for its stunning landscapes, but it also faces a variety of natural hazards. To ensure the safety and well-being of residents, community associations must be prepared for potential disasters. Our area has a history of experiencing: Winter storms: Heavy snowfall, freezing rain, and strong winds can disrupt daily life and [...]
Detention Ponds vs. Retention Ponds: What's the difference in Washington State. In Washington State developers are being required to put in storm water management systems. The intent is to minimize the impact on the storm water drainage system while trying to return the rainfall to the qualifiers. The terms "detention pond" and "retention pond" are [...]
For the past 6 years we have seen greater price inflation than the past 40 years. More important for associations the cost of major projects such as paint and roofing have grown 10% to 40% outpacing inflation significantly. Previously many associations were limited in what they could increase dues by their CC&Rs. However since 2018 [...]
Protect Your Pavement Condominium (COAs) and homeowner associations (HOAs) are responsible for maintaining a variety of shared spaces, and the roads within their communities are no exception. Cracks, potholes, and a faded surface can not only be unsightly but also pose safety hazards. While complete asphalt replacement can be expensive and disruptive, slurry seal offers [...]
Thinking about buying a condo in Washington? While a condo can be a great option, monthly dues can be significant concern. Here is a guide a buyer can use to help evaluate the association and the impact that will have if they become an owner. How to Choose a Financially Stable Condo Community Let's focus [...]
We have all seen cute dogs in places we never use to see them. Owners have discovered that they can skirt rules saying "no pets" by buying a vest and getting an online certification claiming the animal is an Emotional Support Animal (ESAs). This puts association boards in the difficult position of policing owners who [...]
Securing a mortgage for a Washington condo requires more than just good credit and income. Fannie Mae, the major buyer of mortgages, has strict guidelines that impact loan availability. One key factor for Fannie Mae approval is the condo association's reserve study. A Washington state reserve study analyzes upcoming expenses for major repairs and replacements [...]
Budgeting for Deck and Balcony Maintenance in Washington Condominiums In Washington state, decks and balconies are a significant expense for condominium associations. Proper maintenance is crucial to avoid costly future repairs and replacements. We have found that decks and balconies are an area of significant expense particulair if the association has not been doing regular [...]
