Today I received the following question from a client about Stuart area Home Owners Associations:

Question:  "I see substantial variation in condo association fees.  How much of this is because they cover different things, and how much is because the facility is simply more expensive.  Are there specific things that are always covered?"

Answer:  "Condo fees do vary.  Factors that would affect your dues include insurance, common area maintenance, amenities and guard patrols. One of the most important factors is management and involvement of the association board.  An active and knowledgeable board will strive to control costs, monitor the property management company and maintain adequate reserves.  In my community we are self-managed with a full time property manager and grounds crew.  Our board is "hands on".  As a result our dues are about average for the area and we have had minimal assessments regardless of having endured three hurricanes and skyrocketing insurance costs".

Comment:  I have seen less than desirable communities with very high HOA dues.  It is important to read the association documents ("condo docs"), disclosures and ask questions to determine if the community is well run.  And don't forget the rules and regulations! 

Submit your question about Stuart Florida area real estate: