The cost of a new home in Chandler will increase by $6000.00 when the city's new Impact Fees goes into effect, according to a report in the Arizona Republic. The increase to $19,538 from $13,587 on a single-family home is among the Valley's highest. Those in favor say Chandler needs the money to meet demands for new parks, roads and water lines as the city nears residential build-out. Chandler city officials estimate that there is room in Chandler for about 15,000 more homes. Chandler however, is not the only city to have recently raised Impact fees. Other's include: Gilbert's residential impact fee is scheduled to increase next month to $15,968 from $14,633 per home. Avondale recently increased its fees from $9,999 to $18,012, and the Mesa City Council is expected to vote tonight to raise its $5,233 fee to $8,532.
So if you're looking to buy or sell a home in any of these cities, consult with a Real Estate professional to understand how these fees may impact your bottom line.
Cheers,
Uzi Husain
Arizona Realtor, serving Goodyear & The Phoenix metropolitan area
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