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Condo fees...something you can't ignore when considering a condo purchase in Viera, Florida

By
Real Estate Agent with Bucci Realty, Inc. BK3064647

Most of the subdivisions around the Viera and Rockledge Florida areas have homeowner associations with annual fees. Even the town house communities usually have associations with fees.

And, condos have fees as well! Usually every month. Depending on the complex they can be fairly steep.

What do these fees pay for? It varies but could include...

  • Common area maintenance,
  • Exterior maintenance,
  • Common area taxes,
  • Electricity for common areas,
  • Pool maintenance,
  • Clubhouse maintenance,
  • Putting green maintenance,
  • Fitness/exercise equipment,
  • Insurance for the exterior of the buildings,
  • Association cash reserves, parking lot maintenance,
  • Entry way maintenance/gates or gate guards,
  • That dock on the Indian River,
  • Tennis and basketball court upkeep….

The list is sometimes quite extensive and the above may or may not be included.

The point is - condo dues exist and must be paid!

So, when looking for a condo or house in the Brevard County area, including Cocoa Beach and Satellite Beach, remember to include the condo or home owner association dues in your budget

Posted by

Gary L. Waters, is a Florida licensed real estate broker associate with Bucci Realty, Inc. in Melbourne, Florida.  

 Call or text me directly at 321-693-3850.

 

 

 

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Comments(5)

Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

Not only the fees, but who is responsible for paying them - owners, renters, bank(s) ... And what do the reserves look like for the association.

Dec 12, 2009 01:37 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Health - Good point, especially the reserves. Thanks.

Dec 12, 2009 02:33 AM
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

ToulaRosebrock,com

Hi Gary:

You're absolutely right...

The fees should be a major consideration...

Afterall, they will eventually also go up.

Dec 12, 2009 03:04 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Hi Gary!  This is something that I just covered with a buyer today!  It varies from complex to complex but, you've gotta love those with reasonable HOA fees that cover everything and manage to keep plenty in reserves!

Enjoy your Sunday...

 

Debe In CharlotteMerry Christmas

Dec 12, 2009 03:26 PM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Gary  Well done - condo fees vary widely and depend to a large degree on maintenance costs and amenities voted in by the property owners

Dec 13, 2009 09:43 PM