| New Home Owner FAQs |
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New Home Owner Frequently Asked Questions
Q1: Is membership in Chestnut Woods Home Owners Association (HOA) mandatory?
Is there a cost?
A1: Every home owner becomes a member of the HOA when they purchase their home
because they accept the Declaration and By-Laws as part of their closing process
on the home. There is a Annual HOA fee that you will be billed. This fee is used to
run HOA operations.
There are two "must read documents" provided at your closing: the Declaration
and By-Laws since these two documents describe the HOA purpose and your
rights and responsibilities as a home owner. There is an initial capital contribution
fee and annual HOA membership fee that can be found on this website at this Link.
Q2: Why does Chestnut Woods have a Home Owners Association?
A2: Chestnut Woods is a large development of over 175 homes (projected total) with an
average value anticipated to be over $500k. The City Mayor required creation of the
HOA as a condition of development approval because the City wanted to avoid
recurring maintenance costs for housing developments with large and dispersed
common areas that require environmental agency compliance.
Chestnut Woods must protect and maintain the 27 acres of common area that
include 8 wet basin areas and require environmental agency compliance. The City
also wanted to protect property values through ensuring architectural consistency,
and home owner compliance with city and association improvement / maintenance
standards. Increasing property values preserves the tax base over time.
Q3: Are there any special requirements for Trash Pick-up / Recycling?
A3: Yes, the city requires special trash cans for garbage and recycling. These can be
obtained through the city services department at this Link. Further
details can be found on City website at this link.
Q4: Are there any special requirements for Animals?
A4: Yes, the city requires animals to be on leashes if you walk them and should not be
left to run free through the neighborhood.
Q5: Where is the nearest shopping, grocery, car care, dry cleaning, services?
A5: A list of shopping areas and services within five miles can be found at this Link.
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