Saturday, March 09, 2013

Association Fees - An Important Consideration When Buying a Home

Regardless of what you spend your hard earned money on there is one axiom that applies - you get what you pay for!

This applies to home owner and condo owner associations.

With associations you get what you pay for.  And you need to decide whether the services are worth the outlay to live in a particular community.

Association fees are usually linked directly with the services or benefits provided by the association. These may include facilities (pool, tennis, fitness center, etc.), services (gate guards), maintenance services or perhaps landscaping services.

With condo communities the fees are usually much higher as they also include things like water-sewer, basic cable service, insurance for the structure, common area taxes and others.

Regardless of type of community all buyers are urged to review the rules, the financial documents and even interview some of the board members!

When  purchasing a home or condo there are some expenses that are subject to change - taxes, insurance, and association rules.  It pays to shop and compare.

Ready to buy or sell a house or condo in Viera, Melbourne or Rockledge, Florida?   I would welcome a chance to work with you.  Call me at 321-693-3850 or email me.