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The Components We’ve Evaluated

Homeowners’ Associations

Homeowners’ Associations (HOA’s) are usually are usually not responsible for the homes. They include components such as signage, roads and sidewalks. Some even offer amenities which can include clubhouses, pools and other recreational elements.

Condominium and Townhomes

Condos and Townhomes usually include all the elements of an HOA, however, the association is responsible for all common areas and building exteriors. This can include roofs, exterior painting, balconies and much more.

High-Rise Towers

A building that is 15 stories or more is considered a tower. Aside from the sheer mass, towers have unique components not found in HOA’s and Condos, such as cooling towers, domestic water pumps, heat exchangers and more.

General Site Elements

General site elements are components that are located around the property but are not part of the building. These components include entrance gates, roads and sidewalks to name a few.

Recreational Elements

Recreational elements are amenities the association is responsible for. This varies between every association and may include playgrounds, tennis courts and pools.

Mechanical Elements

Mechanical elements can be found in every type of study. This can include HVAC, generators, fire suppression systems and elevator equipment.

Waterfront Elements

Waterfront elements can be very costly and require long-term budgeting. Some of the elements may include docks, seawalls, and even boats for associations located on islands

Specialty Elements

Each association is unique and oftentimes has specialty components. Some specialty elements associations have reserved for bridge repair and replacement, heavy equipment and even a sewer treatment plant.

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