HOA’s help to share costs and add benefits
When evaluating a condominium development one factor we look at very closely is the HOA organization. Whether it is a duplex with a shared roof or a high rise building in Downtown, the HOA has fees that homeowners pay in to in order to cover common fees, expenses, and amenities.
For some projects this might be as simple as lawn care, insurance, and maintenance. Larger development projects such as the Four Seasons in Downtown Denver, the Glass House, or Riverfront Tower have more complex fees to cover the operation and annual expenses for the swimming pools, fitness centers, even front desk employees.
In very rare occasions a project may have more than one HOA. This is often created when a building or a group of buildings are organized together.
Riverfront Park, the amazing neighborhood nestled between the Lower Highlands (LoHi) and Lower Downtown (LoDo) has one of these master HOA arrangements and our clients looking at this neighborhood often have questions about what they get as part of it.
Because Riverfront Park’s master HOA is so beneficial it is easy for us to explain…
The Amazing Benefits of Riverfront Park
Riverfront Park has a very unique benefit compared to almost any other downtown neighborhood. Due to the nature of the master HOA funding the neighborhood has a budget to hire off duty police officers and maintenance staff to keep the area clean.
That means every day, 365 days a year, the neighborhood of Riverfront Park is kept secure and safe, beautiful, and clean. The flower beds and planters are rotated seasonally. Trash is picked up. There is even someone to get access to keys should you lock yourself out.
The designers even planned for your dog’s happiness
The neighborhood was even planned to be dog friendly (it is on the beautiful green space of Commons Park) for the homeowners. The Riverfront Park community foundation designed and contributed funds for the creation of the Railyard Dog Park located on 18th street.
All the amenities, planning, and design that make this neighborhood great can only happen with funding. By creating a master HOA the costs and expenses are spread among the many residents, and each new projects helps to distribute those costs.
Through this combined effort the residents of this terrific downtown Denver condo and Downtown Denver loft neighborhood share the benefits that make Riverfront Park one of the most sought after addresses in Denver.
To learn more about Riverfront Park or any of the amazing Downtown Denver condo and Downtown Denver loft neighborhoods available please contact anyone on the New Era Realty team.
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