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Thread: Amenity Fees
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Old 08-10-2024, 09:00 AM
Bill14564 Bill14564 is offline
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Quote:
Originally Posted by rhood View Post
I understand, but that doesn’t explain the nearly $22 difference between lowest and highest. The $179 rate home is the original owner. If the prevailing rate is $195, why is a home sold last year over $200?
Home sold last year:
Sold in February, amenity fee set to $195
Anniversary date in June, CPI about 3%, amenity fee increases to about $200
I don't know what the rate was last year, perhaps it was close to $195 and then the home went through two increases.
EDIT: If your neighbor is willing to share his utility bills with you then you could see what his amenity fee started as and how it was adjusted over time.

$22 difference:
I haven't kept track of where the Developer has set the amenity fees over time. I know mine started at less than $150 and it is up to $180 now. It seems the Developer is setting the new rates a bit higher than the CPI for the year which means the longer you stay in your home, the greater the difference between what you pay and what a new owner pays.
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