There are many reasons for monthly association fees to vary widely.
Usually, the total number of units and the square footage of each is formulated by dividing the total budget expenses and the ICE; Interest In Common Elements. Fewer units to pay the total expenses- will result in a higher monthly or quarterly fee.
It important to know exactly what is included or excluded from this fee- whether it be a condo association or homeowner association.
As Angela has itemized; Rec Facilities, Landscaping, Roof Repairs, Reserves, Pool Maintenance, Parking, Water/Sewer, Security, etc. These and other fees will result in higher or lower fees.
WATERWAY REALTY, REALTORSÂ®