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We're in a nice subdivision just south of Southpoint mall. We pay $41 a month for pool, clubhouse, and common area. I think there are about 150 lots in our subdivision.
$85 is the highest I've heard of. I have looked at homes in the $200k-$300k range and I mostly saw them in the $40-$55 range for pool and public space care.
As a poster suggested, I'd take a look at your association's annual financial report to see where the money is going. Are they trying to build us the reserves, maybe this is a temporary rate hike. You should receive the report annually but can request it any time with notice, from your mgmt co. It shouldn't matter if other homeowners are delinquent as they can attach a lien or close on the property to get back the $$ owned.
Our neighborhood might not be a good comparison as we are in Raleigh, in fact, our sister neighborhood is Park Village, Cary. But we pay $42 mt for pool, tennis, kiddie playground, large, open public spaces, and 4 lakes that are maintained & have docks. Our mgmt co is CAS, Inc.
Woodcroft is $189/year, but you have to pay extra for the pool and tennis courts. I think that's a good idea, as it prevents us paying for amenities that we would rarely use, if ever.
When my in-laws, who live in N. VA, found out what our dues are they almost cried. And they don't even live in a remotely new neighborhood!
Our HOA at the beach in NC cost 650.00 for the year which includes a pool, boat yard and roads. Of course our insurance is higher than in the Triangle but another savings for us is that we do not use a management comany. Our board of directors does a good job and a mostlly retired executives. As someone said, look at your budget and ask lots of questions, it's your money. I would think that every HOA is different.
85 is inexpensive...where i live it is 104 and i know there are places where it is much higher (and we dont have a tennis court...)
Is it $104 per year, quarter or month?
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