Quote:
Originally Posted by Greg Nelson
A 2 bedroom, partial ocean view condo with uncovered parking asking 499k has HOA fees almost $12,000 a year! ISLAMORADA
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I own a couple places in Myrtle Beach SC on the ocean that I rent out. The last one I bought was a 3 bedroom and it cost 170K. My HOA fees are about 650 a month. That includes water, electricity, basic cable, internet, insurance and maintenance of all buildings and common areas which include a waterpark, indoor pool, parking ramps, grounds, towels at the pool areas etc. Also on the grounds are privately owned restaurants, shops and live entertainment venues. I don't think it is too bad a deal when you total everything together.
The point is that you have to look at all that is provided in those HOA fees and determine if they are worth it.