Property Q&A in Sarasota>Question Details

Garrett, Home Buyer in Center Barnstead, NH

Why are HOA fees so high in the downtown Sarasota area when compaired to the outsirts?

Asked by Garrett, Center Barnstead, NH Sun Feb 14, 2010

Help the community by answering this question:

Answers

4
Hello Garrett,

If you have driven the area on the bay, you will note how well maintained it is. The HOA fees and condominium fees pay for that beauty. In the case of condominiums, the fees charged a homeowner typically include insurance on the structure, maintenance of the roof, ground maintenance and private security. Would you email me examples of what you are looking at?

Team Pepka strives to provide unparalleled service to all of our clients, whether they are buying or selling a home. We guarantee your privacy will be respected. Making such a decision should not be done alone and we are here to help every step of the way as your trusted, professional real estate partners.

Please visit our website at: http://www.TeamPepka.com where you can find out more about our team, search for homes, find out how much your home is worth, request mortgage information, get the latest information on market trends and so much more.

We hope to speak with you directly about how we can assist you with your real estate needs.

Meshia Richardson
Lead Buyer Specialist
Team Pepka
Keller Williams Realty On The Water
(941) 708-3555
TeamPepka@verizon.net
http://www.TeamPepka.com
0 votes Thank Flag Link Mon Feb 15, 2010
Hi Garrett,
HOA fees reflect the maintenance and management costs of a condo/townhome building. Let's say there is a pool somewhere on the roof top. Right there you have high upkeep costs. Often there is also a door man reflecting additional security. In addition in this economic climate we are in, when an owner defaults on the HOA fees, the rest of the owners get to pick up the tab so-to-speak. I would find out from management how many HOA accounts are delinquent and/or how many if any in foreclosures are in the building. .Hope that helps :) Margaret
0 votes Thank Flag Link Sun Feb 14, 2010
The newer condos downtown have more utilities and extras built into the condo fee. Add in full time concierge in some buildings, security, parking garages to maintain, and you can see how the fees would be higher.

You can search condo listings for free on my website http://www.davidbarrhomes.com/condos.html
0 votes Thank Flag Link Sun Feb 14, 2010
Garrett,
Condo maintenance (HOA) fee downtown include Hurricane insurance for the building, where those outside town do not have hurricane insurance. Now each condo also has many ammenities that are not available outside side of town such as valet parking and extensive exercise facilities. These condo fee vary by the specific condo largely based on amenities.

If you would like any further information please email or call.
Regards,
John August, Realtor
Your Information Advantage
Michael Saunders & Company
61 S. Blvd of the Presidents
john@4BirdKey.com
941.373.0038 home office
941.320.9795 cell
0 votes Thank Flag Link Sun Feb 14, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer