The Saddleback Ridge HOA has decided to sue one of the five partnered developers who told potential homeowners and real estate agents during construction that the complex would have a pool and clubhouse. The complex was built in 2006 and now the homeowners are stuck with a broken promise. The trial is scheduled for January 11, 2010 and the HOA wants the developer to stand by his promise or pay $500,000 plus default judgment previously awarded the HOA. The HOA's attorney claims that each of the 96 condo owners has lost about $5,000 in value due to the lack of the promised pool and clubhouse.
This is a prime example of things that can happen with new construction in Colorado Springs and around the nation. I have seen builders/developers promise parks, community landscaping, trails and much more while breaking their promises at the end of the day. This can be a negative while looking for new homes in Colorado Springs. This is why it is extremely important to work with a reputable Realtor in Colorado Springs who can communicate the things to look for in a new home community. Most good Realtors have experienced or heard about these issues with particular builders/developers and are happy to share their experiences with you.