Is Canewood a good place to live?

Is Canewood a good place to live?

Posted in the Georgetown Forum

Tee 1

Georgetown, KY

#1 Nov 6, 2011
I've seen a few good prices on homes in Canewood but wondering the cost of HOA fees. Seems like a nice subdivision. Any Canewood homeowners comments are appreciated.
Greg

Georgetown, KY

#2 Nov 6, 2011
The HOA fees are $1600/year in Canewood! The highest in Scott County. Do yourself a favor and live next door to Canewood in Paynes Landing and pay only $120/year in HOA fees. You can walk over to Canewood and play golf anytime because it is a public golf course. Many homeowners in Canewood have lowered their prices below appraisel to try and sell their home to get away from the HOA fees. Some homeowners even offer to pay the HOA fees for several years to attract buyers. You can also lease a homeowners golf package in Canewood for less than half of what the homeowner pays for it.

The HOA fees are attatched to your deed and impossible to get out of. If you don't pay your HOA fees a lien will be attatched to your mortgage along with late fees and interest. It's something to think about before buying a home in Canewood. In this economy most people don't have $133.33/month to throw away. That now pays my monthly electric bill since I moved from Canewood. Read the fine print in your deed before buying a home with HOA fees. I hope this information helps. Edwin Gibson Property Mgmt Co collects Canewood's HOA fees. Contact him for more information. Don't rely on your realtor to tell you all the HOA rules. Remember, they want to sell you a house.
Tee 1 wrote:
I've seen a few good prices on homes in Canewood but wondering the cost of HOA fees. Seems like a nice subdivision. Any Canewood homeowners comments are appreciated.
Bill

Georgetown, KY

#3 Nov 6, 2011
I believe the lien is placed on the homeowners "Deed". Not the homeowners mortgage but I understood what Greg meant. It is a wise choice to read ALL the HOA's bylaws before purchasing a home that has mandatory HOA fees like in Canewood Subdivision. It's the buyers responsibility to do this. Realtors don't always explain the HOA to the buyer.
Greg wrote:
The HOA fees are $1600/year in Canewood! The highest in Scott County. Do yourself a favor and live next door to Canewood in Paynes Landing and pay only $120/year in HOA fees. You can walk over to Canewood and play golf anytime because it is a public golf course. Many homeowners in Canewood have lowered their prices below appraisel to try and sell their home to get away from the HOA fees. Some homeowners even offer to pay the HOA fees for several years to attract buyers. You can also lease a homeowners golf package in Canewood for less than half of what the homeowner pays for it.
The HOA fees are attatched to your deed and impossible to get out of. If you don't pay your HOA fees a lien will be attatched to your mortgage along with late fees and interest. It's something to think about before buying a home in Canewood. In this economy most people don't have $133.33/month to throw away. That now pays my monthly electric bill since I moved from Canewood. Read the fine print in your deed before buying a home with HOA fees. I hope this information helps. Edwin Gibson Property Mgmt Co collects Canewood's HOA fees. Contact him for more information. Don't rely on your realtor to tell you all the HOA rules. Remember, they want to sell you a house.<quoted text>
1bird

Georgetown, KY

#4 Nov 6, 2011
I think it's a decent place to live if you like to golf on the same course over and over again and you don't mind paying $1600/year in hoa dues. There are also a lot of restricions enforced by the hoa but sometimes that is a good thing. All in all it's ok but there is a lot of rental property due to homeowners that can't sell. I would look into renting a house in Canewood first to see if you like it. That way if you don't like it you aren't stuck with a house you can't sell.
Tee 1 wrote:
I've seen a few good prices on homes in Canewood but wondering the cost of HOA fees. Seems like a nice subdivision. Any Canewood homeowners comments are appreciated.
Beth

Hamilton, OH

#5 Feb 1, 2013
My husband and I are going to be looking at a house in Canewood, but everything we are reading about the HOA fess has us nervous. The dates on these comments are old, but are there still issues with HOA fees? What is the current fee?

Thanks!
one and only

United States

#6 Feb 1, 2013
We currently are paying nothing due to a dispute
rose

Georgetown, KY

#7 Feb 1, 2013
Beth wrote:
My husband and I are going to be looking at a house in Canewood, but everything we are reading about the HOA fess has us nervous. The dates on these comments are old, but are there still issues with HOA fees? What is the current fee?
Thanks!
Please find out all you can.My family members live their and like it very much.There is or was a problem with hoa and others things.Please find out before you move there.Bradford next to the library has problems too! I don't live there I have heard.Good luck

personal note:My family likes it.
good place

Winchester, KY

#8 Feb 14, 2013
I've been in canewood for 4 years and love it. We haven't paid HOA fees in 2 years due to a dispute. good neighborhood for kids!
information

Georgetown, KY

#9 Feb 14, 2013
We live in canewood and love it here! the only problem i hear about are the kids the roam the neighborhood. I see them all the time at night on the golf course smoking and doing things i am sure that should not be doing. All our neighbors are wonderful. Overall it is a nice peaceful place to live. I think there is hoa problems where ever you go...
Bob

Georgetown, KY

#10 Mar 9, 2013
Tee 1 wrote:
I've seen a few good prices on homes in Canewood but wondering the cost of HOA fees. Seems like a nice subdivision. Any Canewood homeowners comments are appreciated.
Canewood is a great place to live. Dues for 2013 are 400.00 for the year. That may or may not include use of the pool. That does not include golfing. There is a legal dispute with the golf course owner. It is being actively worked on but you know the pace of our legal system. Whether we will all have to pay for golf in the future is still up in the air. We just go year by year now. But whatever the final outcome, it should be much fairer then it has been in the past. We have lived here since 2006 and even with the HOA/Golf Course owner issues; we do not regret moving here. We have wonderful neighbors and it has been a great place to raise our kids.
rider

Georgetown, KY

#11 Mar 9, 2013
$400/year for HOA dues is still to much in my opinion. Especially if you dont golf. And the pool is tiny and the restaurant doesnt have very good food in my opinion. But im sure the people who drink alcohol love it. Walk to your neighborhood bar and never have to worry about getting a DUI. LOL....
Bob wrote:
<quoted text>
Canewood is a great place to live. Dues for 2013 are 400.00 for the year. That may or may not include use of the pool. That does not include golfing. There is a legal dispute with the golf course owner. It is being actively worked on but you know the pace of our legal system. Whether we will all have to pay for golf in the future is still up in the air. We just go year by year now. But whatever the final outcome, it should be much fairer then it has been in the past. We have lived here since 2006 and even with the HOA/Golf Course owner issues; we do not regret moving here. We have wonderful neighbors and it has been a great place to raise our kids.

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