Make Sure You Know ALL The HOA Fees Associated With Your Next Home
For most subdivisions with HOAs there is probably just ONE fee per year. That fee covers community amenities likes pools and walking trails, and for landscaping around the community entrance. That fee may be negligible, or it may be fairly significant.
However, when you enter the realm of patio homes and condos, you need to be aware that you may be subject to multiple fees. Now depending on what you get for your dollar, it may not be a bad deal!
But fact is you need to be aware of all the fees prior to making your purchase.
For instance, the patio homes and condos in Liberty Township's Four Bridges are actually subject to THREE fees.
1) Four Bridges mandatory Social Membership. That's in excess of $800/year and it doesn't matter whether you plan to use the pool, tennis courts and restaurant or not, you have the address, you pay the fee.
2) An overall Four Bridges HOA fee. A few hundred dollars more for the overall upkeep and maintenance of the Four Bridges communities.
3) Lastly, a monthly fee for your patio home/condo. That'll vary, but it's close to $300 a month. This fee is specific to the patio home/condos because it costs extra for grounds upkeep, exterior maintenance, etc.
So bottom line if you want to avoid surprises, it's critical to make sure you're aware of ALL the HOA fees associated with your new home. Who wants the surprise a few months after move in of ANOTHER HOA fee? No one!
Ready to talk about buying or selling a home? Call Bill at 513-520-5305 or email The Liz Spear Team of RE/MAX Elite at Liz@LizSpear.com. We look forward to hearing from you!
Liz and Bill aka BLiz