Living in a condominium community is not like owning your own home. Many people do not realize this when they buy into such a community. To help you make the decision and to see if condominium living is right for you, we have put together a few points to help you make that decision.
1. Even before you sign a purchase and sales agreement for the unit you are considering purchasing, please read our governing documents, the Declaration and Bylaws and our Rules and Regulations. These documents will inform you of the policies, procedures and rules that govern the Pinewood Village community. You will find these documents at the bottom of this page.
2. As we shared above, please be aware that buying into our community will be different than owning a single-family home. Owners do not have complete control over all areas of their unit and most of the property surrounding the unit . For example, all renovations must be approved by the Board and must be consistent with the Bylaws. Most of the land around a unit is common area, therefore communal property and as such the cost of the maintenance and repair of this and areas on your unit are shared among all owners.
3. The monthly condo fee supports on-going, required maintenance. And a portion of the monthly fee also supports the reserve fund. The reserve fund is used for capital projects. In an effort to keep the monthly fee competitive, a special assessment may be necessary, in addition to the reserve fund, to cover a capital expense. A recent example of a need for a special assessment is the siding replacement project of all units in the Village.
4. In return you will not have to worry about garbage/recycling pick-ups, mowing your lawn, general landscaping or cleaning your driveway and steps in the winter. Additionally, our property manager is available during the day and in an emergency to help meet your needs in a timely manner.
5. If you are considering the purchase of a condo in Pinewood Village the Board encourages you to talk with a member of the current board regarding, 1) financial status and 2) access to Board Meeting Minutes for the last 6/12 months. Additionally, the Grafton County Records Department (GCRD) located in North Haverhill, NH, has files with updated drawings of all unit footprints. These drawings show all add-ons to units that an owner is responsible for maintaining (i.e. items the Association does not maintain). You may also ask the seller to share their copy with you.
