BTK,
My house was built in 2006; Massey did the initial ground treatment for termites and I have used them for lawn/pest services since. When my one year anniversary came up, I really debated whether to pay for annual termite protection...and, decided to go ahead with it. Peace of mind, Florida reputation, etc I have a block/stucco house. They come out and inspect annually. I pay them $99/year.
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Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years
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