By Phoebe Chongchua
At a time when many homeowners are walking away from their homes and letting them be foreclosed on, others who are hanging in there may be racking up delinquencies by not paying their Homeowners Association Fees which ultimately hurts not only the HOA but also the entire development and its owners.
Those delinquencies can make it very difficult for homeowners in the same development to sell their home. "I would bet that there's not a community out there that doesn't have some delinquency," says Ira Ginsberg, vice president of First Choice Financial Solutions. The company purchases the delinquencies from the HOA, provides immediate cash to the HOA, and then proceeds to collect the funds from the delinquent homeowner.
1. Sprinkler Use. Homeowners want lush, green lawns. This is understandable when one considers that curb appeal can mean added value and better resale potential. To make your sprinklers as efficient as possible, try to use them during the coolest hours of the day, either during the morning or evenings. This helps to minimize evaporation due to heat. And adjust your sprinklers so that you aren't watering the sidewalk or driveway.
2. Rain Sensors. While you're at it, install a rain sensor on your irrigation controller. There is no need to water your lawn when nature is already handling the job for you.
3. Responsible Landscaping. Not every region of the country has the climate for lush, green yards. Consider following the lead of Southwestern homeowners, who opt to plant drought resistant plants, supplemented by rocks and stone.