Do you have a specific development in mind when you are asking this question or are you just talking about association fees in general? Fees are generally based on the amenities available to residents and the services offered by the association such as security and maintaining landscaping. If you have a specific property in mind, feel free to contact me and I can provide you with more information.
Keller Williams Realty
You are asking all the right questions.
The monthly association fees are higher in some areas that others.
Yes, they have increases over the past few years due to increased insurance rates. Some communities offer more amenities than others, causing their fees to be higher.
I find that most buyers seem to have this perception of condominium fees in Sarasota until they realize what they actually cover. If you are moving from a home in New Jersey, you can leave the lawnmower behind, as well as some utiliity bills and your home insurnace agent. All these items are usually covered in the fee.
My own insurance rates have decreased a bit this year. But associations that have to cover the 'public insurance' for the buildings (roof, structure) has had to follow suit.
For example in Tara preserve, a golf community, the association fees for a single family home are $425 per year + $102 per month for lawn and shrub maintenance. The $425 fee provides basic cable TV, common grounds, community pool and tennis courts maintenance.
In Whisper bend, a neighboring community, the association fee for a single family home is $337 per year. However there are no amenities there, and the fee is used to maintain the common grounds.
You should also know that the association fee is not static. Things like the cost of labor, replacement parts, and materials, taxes on common ground, and insurance will have an effect on what you pay. As a member of an association however, you have the right to vote on community improvements, expenditures, and fee increases.
If you have a specific community in mind, please drop me an email, and I will do my best to answerer your questions.