|
Getting your Trinity Audio player ready...
|
Boca Raton is an extremely planned city and houses a diversity of condominiums and gated communities for those seeking to live in the region. However, if you are thinking of buying a house in a condominium in the city, it is essential to understand the difference between the types of condominium and, especially, the fees charged for each of them.
Our team has specialized brokers in the Boca Raton region, who live in the city, and have developed this article to help you understand the differences and make the right decision when buying your property in the city.
Condominium Type: “Country Club”
The most common type of gated community in Boca Raton is the so-called “Country Club.”
They are sophisticated gated communities, with total security various amenities to their members, such as great golf courses, tennis courts, clubhouses, fitness centers, lakes, parks, trails and other conveniences.
To maintain all these amenities, Country Club-type condominiums charge high condominium fees in addition to an annual “management fee”. It is also necessary to pay a membership fee.
Example:
The “XYZ Country Club” Condominium charges a condominium fee of US$ 700 per month, in addition to an annual Management Fee of US$ 30,000 (thirty thousand dollars). And to be part of the condominium, it is not enough to buy a house on site. It is also necessary to pay a membership fee of US$ 90,000 (ninety thousand dollars).
It is possible to partially recover (usually half) of the value of the membership fee, when selling the property and ceasing to be part of the condominium.
These costs and fees, of course, reflect the luxurious lifestyle and access to all the exclusive amenities and services that Country Club-type condominiums offer. Some of them are home to some of the best golf courses in South Florida.
Examples of Country Club Condominiums in Boca Raton are: Boca Woods, Royal Palm Yacht & Country Club and Broken Sound Country Club. See here the best Country Club condominiums in Boca Raton.
Choosing to buy a house in a Country Club in Boca Raton is a subjective decision and related to the lifestyle of each individual or family. To many it may seem expensive! For others, being part of a community that has so many attractions justifies the price.
Traditional Gated Community
The second type of gated community in Boca Raton is the traditional condominium. In these communities, there is no need to pay a membership or participation fee. Plus, you can count on security at the gatehouse, gates controlled by intercom or virtual security systems. The only expense is the monthly condominium fee, which usually covers several services. Depending on the community chosen, the HOA fee may include basic cable TV, garden maintenance, security monitoring, clubhouse, swimming pool and other recreational facilities.
Some of these condominiums also have Golf Courses, but the fee to enjoy is charged to the part of those who choose to play. Get to know the condominiums with the best golf courses in Boca Raton.
“Non-gated” planned communities
There are also the planned communities in Boca Raton, which are often known as neighborhoods of the city, and are not closed, that is, they do not have a gatehouse.
They differ from traditional open neighborhoods in that they are precisely planned and resemble gated communities.
Important: Pets
If you have pets and think about buying a house in a community in the region, it is very important to check the rules on pets first. Many have a restriction. Some allow, but may not accept animals over 10 or 11 kg.
For this reason, when you choose to buy a property in the region, make sure you are well advised by an experienced broker in Boca Raton.
Do you want to know more about the best gated communities in Boca Raton to live in?
AMG International Realty is a global real estate company specialized in Florida and aimed at the foreign public. If you want to know more about the neighborhoods, regions and where the best real estate opportunities are in Boca Raton, contact me on WhatsApp: +1 305 761 2655 (Heloisa Arazi).
