Just to add to your answer Ron, maintenance fees in South Florida are generally anywhere from $300 per month for smaller older buildings to the thousands, depending on size and age of the building. Very seldom does one see the low end of this fee. The median association fee is from $500- $1,000 for older buildings, and higher for newer buildings. The price also goes by the square foot of the unit. They take into consideration all of ammenities included , which can be anywhere from valet service to tennis courts and insurance for the building, water, cable, security guard, property manager, maintenace and cleaning crew, trash, sewer, and pest control, just to name a few. This can all add up very quickly. We talk about the condo market down here because we live and work in a tourist driven economy. Most folks would rather purchase a condo then have to deal with the cost of the care and upkeep of a single family home.
Galleria International Realty
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