Most of the subdivisions around the Viera and Rockledge Florida areas have homeowner associations with annual fees. Even the town house communities usually have associations with fees.
And, condos have fees as well! Usually every month. Depending on the complex they can be fairly steep.
What do these fees pay for? It varies but could include...
- Common area maintenance,
- Exterior maintenance,
- Common area taxes,
- Electricity for common areas,
- Pool maintenance,
- Clubhouse maintenance,
- Putting green maintenance,
- Fitness/exercise equipment,
- Insurance for the exterior of the buildings,
- Association cash reserves, parking lot maintenance,
- Entry way maintenance/gates or gate guards,
- That dock on the Indian River,
- Tennis and basketball court upkeep….
The list is sometimes quite extensive and the above may or may not be included.
The point is - condo dues exist and must be paid!
So, when looking for a condo or house in the Brevard County area, including Cocoa Beach and Satellite Beach, remember to include the condo or home owner association dues in your budget
Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.
Read my blogs Florida Homes for Sale, Moving to Brevard County, Florida, and Brevard County Florida Real Estate Information.
Not only the fees, but who is responsible for paying them - owners, renters, bank(s) ... And what do the reserves look like for the association.
Health - Good point, especially the reserves. Thanks.
Hi Gary:
You're absolutely right...
The fees should be a major consideration...
Afterall, they will eventually also go up.
Hi Gary! This is something that I just covered with a buyer today! It varies from complex to complex but, you've gotta love those with reasonable HOA fees that cover everything and manage to keep plenty in reserves!
Enjoy your Sunday...
Gary Well done - condo fees vary widely and depend to a large degree on maintenance costs and amenities voted in by the property owners