Getting in on the ground floor of a new master-planned community is very exciting. If you are fortunate enough to be in such a scenario, you likely now have a budding interest in how the developer of the HOA community will eventually transfer power to the homeowners. In a nascent HOA community, a new homeowner has the option to sit back and permit the developer to govern the community until he sees fit. Yet, this can be risky and may cost you money/time in the long run if there are any complications in the completion of the work.
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