Quote:
Originally Posted by JMcLellan
$100 per month HOA dues and when I asked the owner about their variability he expects them to go down over the next few years as he gets more occupants and higher HOA revenue base, but long term (10+ years out) they will go up as maintenance costs go up. The plan is for 10 condo buildings and only 3 are built so far. Current estimated county tax rate is $1800 per year per condo.
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Dues almost never go down especially in new construction. Developers always set them low to sell and then the owners self govern and figure out improvements are needed and maintenance costs are higher. $100 isn’t a bad starting place.
Personally, I’d stick with the home construction answer if it provides enough space. Family friendly and easier access for use plus value add to home. If it doesn’t provide enough space, then there’s only one answer.