HOA Fees and Quarterly Fees in Bonita Springs
Recently I had a potential buyer contact me about one of my listings in Bonita Springs. As the listing agent I make sure that all of the fees are disclosed up front. Surprises are bad for business in SWFL real estate. When the buyer responded to the email with the information about the property, it read: I'll never consider a place that has, taxes, quarterly maintenance and yearly HOA.
Well, just to gauge expectations for all real estate consumers. There are always property taxes. The HOA, condo fees and master HOA fees all depend upon what type of community you purchase in, as in the level of amenities there are available that will have to be maintained. That is why it is so important to speak with a buyer’s agent to start learning about what you are looking for in real estate.
Condos have set fees that not only maintain the building and the common areas but save for replacement of items such as the swimming pool, roof, parking lot, painting; the expenses that would be incurred in private home ownership, just collected quarterly not as the repairs occur.
All that being said, one can not purchase a condo outside of an HOA or without quarterly fees. It doesn’t work that way. If a community has gates and offers even the smallest amount of amenities it needs upkeep and that requires money. It is not possible to own a home with any type of common area, like gates or even the smallest amount of amenities without needing money to maintain it.
Last, Bonita Springs is about 75% gated and deed restricted. Most of our properties have some sort of financial obligation attached to maintain the common areas or structures on site.