Asked by Jeeper270, Fernandina Beach, FL • Tue Apr 23, 2013
a home is a gated community has H.O.A fees, CCD fees, min. spending cost at the club, etc. A house exactly like one that does not have those associated fees can cost as much as $1,000. a month is our area. on a yearly basis, the gated community home buyer will be paying 250,000 more for the same house in a mortgage. Thus, a home without those fees should have an adjusted value upwards instead of being penalized. For example,. the cost of a 400K home with fees of 1,000.monthly would be the same as a buyer who purchases a 650K . Yet , when an appraisal is done, the home without the additional $1,000 payments per month is given a reduction in value when used as a comparable.
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