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Old 03-22-2011, 12:09 PM
 
142 posts, read 899,598 times
Reputation: 141

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I am looking for information on buying a condo in the Boynton/Delray areas. My grandmother lives off of Woolbright in a 55 plus community that's been there since the 70s so I am somewhat familiar with the areas having visited there often.

My son plays competitive tennis and we currently live in the Phoenix area and are thinking that he'd get more training and competition in the South Florida areas. We were thinking of buying a small condo to use for tennis and for family visits to care for my grandparents and uncle. I am hoping to talk my mom into splitting the cost and maintenance with me but it's not looking good right now so my husband and I will probably shoulder all the cost.

My main questions are this: what are the average costs beyond the cost of the property itself? HOAs? Property taxes? Homeowner's insurance? ETC? We could afford to pay cash for an average condo but it's the annual maintenance and expenditures that concern me and could possibly drain the savings accounts quick, LOL!
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Old 03-22-2011, 12:21 PM
 
239 posts, read 431,259 times
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Not to mention assessments... Am I the only one getting one too many 'assessments'? geeez
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Old 03-22-2011, 01:03 PM
 
142 posts, read 899,598 times
Reputation: 141
Quote:
Originally Posted by ra1007 View Post
Not to mention assessments... Am I the only one getting one too many 'assessments'? geeez
How much and for how long? I remember roof assessments that lasted a year back when I owned a condo here in Phoenix.
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Old 03-22-2011, 01:49 PM
 
239 posts, read 431,259 times
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Presently, our assessment is about $55 a month and it's been for more than 1.5 years.
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Old 03-23-2011, 09:05 AM
 
142 posts, read 899,598 times
Reputation: 141
Quote:
Originally Posted by ra1007 View Post
Presently, our assessment is about $55 a month and it's been for more than 1.5 years.
And, what is your HOA/community fees without the assessment? What about homeowner's insurance, I've heard that can be pricey in FL?
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