Statistical research performed in November 2022. A higher-end development that provides exclusive services . HOA fees. An HOA is a resident-run private organization that governs a neighborhood, primarily to set up and enforce rules that are aimed at keeping the neighborhoods appearance consistent. The increment may not continue like that. MHPHOA.com. Senior living mobile home parks are often affordable alternatives to living in a single family home. You can unsubscribe at any time. Our goal is to help you buy your dream home. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511. 15300 Palm - 760-329-2921. Copyright 2023 M.L.S. CASEY: The investor who bought the park where Baker lives and 12 others in the county has steadily increased rent and fees. Low taxes and LOW HOA. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. If thats okay, just keep browsing. Brokerage. The average HOA fee for all age communities is $357 per month. ROC USA. HOA fees in Florida range from $100 to $350 depending on the community. With MHVillage, its easy to stay up to date with the latest mobile home listings in the Clearwater area. Dont Miss: Homes For Sale In Madison Al 35756. But mobile home parks have become a target investment for real estate companies who are jacking up fees. Another benefit is that the community is organized around the needs of seniors. The well cared for and immaculate exterior make a welcome entrance to the lovely and inviting interior! 17 Vista Gardens Trail 105, Vero Beach, Indian River County, FL, 32962 has 1 bedroom and 1 bathroom and a total size of 750 square feet. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. It may backfire. The truth about HOA fees is that they are not usually the same as other HOA communities. And the customers are relatively easy to please. The home faces Southwest to view the most beautiful Florida inviting interior offering 2 bedrooms, 2 bathrooms, open kitchen/dining room, living room with French doors leading to the glassed in Florida Pets Allowed Except For Service or Emotional Support Animals and Will Have to Be Approved By The HOA. Desert Willows - mobile and manufactured homes - low $100,000's - low homeowners. But keep in mind, those amenities, and the location of many communities, can drive up both your purchase cost and the ongoing fees, Dont Miss: Va Approved Homes For Sale In Washington State. When it is very annoying is when your HOA community collects the money without building anything. So you are looking for homes with no hoa in Melbourne, FL? RUSSELL WATSON: These guys keep the parks as parks. If you'd like to contribute information to the database, please contact the MHPHOA. Click on a state to view Mobile Home Parks. The first activity that we signed up for was the tennis dance. The Forbes Advisor editorial team is independent and objective. If you dont wish to lawyer up, which you should not do if you dont have good evidence, you can sell your house and use the money to get a permit and build another dream house out of a shipping container in a Florida community that is not operated by a homeowners association. This means that you can pay with a credit card. MH Of those 34,504 lots, 33,204 are mobile home spaces, 402 are RV Lots With Drains (RV1) and 898 are RV Lots Without Drains (RV2). 2550 Pier Drive Ruskin, FL 33570. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. From the moment you enter the Florida of showings and interest on this home, all offers will be presented Monday, May 9th at 5 p. M.Very nice 2 bedroom, 2 bath home located in a 55+ Best kept secret in Lee County! PMC Financial Services has been helping resident groups and mobile home park cooperatives to finance their own parks for over 20 years. Editorial Note: We earn a commission from partner links on Forbes Advisor. Lime Tree Park, land owned and situated on pet row. P He asked us which table we wanted to sit at. This listing has been saved to your favorites! We have 181 communities listed to date. New homes are getting added all the time. Excellent choice! Our goal is to help you buy your dream home. So they're far below market. Also, before buying a house in a particular community maintained by an HOA, inquire about the amount they pay in HOA fees before signing any document. Published on September 6, 2010. If you purchase your primary residence in an HOA, the fees are not exempt from taxes. H Absolutely gorgeous, remodeled home in highl Come see this beautifully renovated home with a two car garage now on the m *** Must See ***3 Bedroom Home *** Low HOA Fees *** New Roof *** All new gu Price Improvement! For example, a small townhome development might require just $200 to $300 per month in fees to keep up with lawn and exterior maintenance. The park offers daily events for residents, including group fitness classes, BINGO, line dancing, card games and more. David Loop, Attorney. Recommended Reading: New Mobile Homes For Sale In Denver Colorado. Editor in Chief for Forbes Advisor US. No HOA Restrictions, No HOA fees, and No CDD fees here! In HOA communities, homeowners must pay monthly, quarterly, or annual fees to cover HOA operating costs and maintenance costs for the landscaping, amenities, & common areas in the community. Stabilizes your monthly housing expenses over the long term. It offered some amazing things like ballroom dancing, full community parties, boat docks, indoor pools, and gorgeous views. You might welcome reasonable HOA fees if you dont want to mow your lawn, shovel your driveway or clean your gutters. Here's Anna Casey of Illinois Public Media. You may also reach us by completing the brief online contact form provided below and one of our expert residential real estate agents will reach out to assist you. Most are very affordable. You can begin your search online. ANNA CASEY, BYLINE: Terry Baker has lived at Wilson's mobile home park in Urbana, Ill., for more than 20 years. HOA fees vary from one community to another and can either be very high or low. Showcase Community. Copyright 2019 NPR. With Low Hoa - Homes for Sale in Bradenton, FL 133 Homes Sort by Relevant Listings Brokered by Wagner Realty For Sale $137,900 2 bed 1.5 bath 670 sqft 2,426 sqft lot 3333 26th Ave E # 1090,. The overall average is $301 per month. This page is dedicated to Mesa 55+ homes for sale with a low HOA. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS. Extra storage in the bedroom with full length closet mirrors. CASEY: Baker's rent has doubled now. Copyright 2018 55places.com, a division of Neighborhoods.com. This way, you will know if you can be able to do it or not. A popular place for downsizing and enjoying the low-maintenance lifestyle that comes with condo living is Forest Lakes Village in Sarasota. Get instant access to property photos so you can explore the home online. The MHPHOA have researched and confirmed 181 Resident Owned Communities representing a total of 34,504 lots in the State of California. Mobile homes are slightly different than stick built homes because they have a monthly space rent, also known as lot rent. Many sites are area specific and focus on the local community. Get instant access to property photos so you can explore the home online. Bonfire Mobile Home Village is a mobile home park in Leesburg, FL. florida manufactured own land 55 park low hoa, We use cookies to personalize your experience. It is not difficult to find a senior living park near you. Most lots are small offering enough space for the mobile home and a small yard. View each home individually and read the property details, which include the price, sales history, property tax, school information and much more. Many people choose to live near Miami, FL because of its good reputation as well as its proximity to several parks and recreational areas. And for many, rents are rising. This browser is no longer supported. Small pets permitted! Of those 34,504 lots, 33,204 are mobile home spaces, 402 are RV Lots With Drains (RV1) and 898 are RV Lots Without Drains (RV2). But if you havent budgeted for the additional cost, you might have trouble coming up with the money you need each month for your mortgage payment. Information is deemed reliable but not guaranteed. Sometimes, HOA Board Members may increase HOA fees from $400 to $800 if there are amenities that need to be constructed such as a swimming pool, clubhouse, etc. Brokerage. Youll probably join an HOA if youre purchasing a home in a condominium development, townhome complex, gated community or any neighborhood where your association is in charge of upkeep of common areas. Long-term residents usually have a lease or rental agreement and pay their rent monthly. They're just happy to have a roof over their head. The average space rent is $117 per month. CASEY: Back in Illinois, residents like Terry Baker are worried that more rent hikes are coming. Of the 158 ROCs that we were able to confirm current (2022) homeowners association (HOA) fees, the average HOA fee for 55+ communities is $272 per month. How To Find The Cheapest Travel Insurance, Guide To Down Payment Assistance Programs, How much it has in reserve, which can help you determine whether the HOA can pay for major, planned repairs as well as unplanned ones without hitting everyone with a special assessment or higher ongoing fees, How frequently it has raised rates in recent years, Whether the HOA has made any special assessments on homeowners in addition to HOA fees. Boca Bay ColonyBoca Bay Colony offers beautiful waterfront estate homes on the Intracoastal Waterway in East Boca Raton. Zillow, Inc. holds real estate brokerage licenses in multiple states. During your real estate search in North Fort Myers, it is important to research all monthly fees. PMC Financial Services provides creative solutions to buy your mobilehome park and have completed projects in California, Oregon, Washington, Utah, Minnesota and New Hampshire. While HOAs can play a vital role in maintaining a neighborhoods property value, they also can be a miserable place to live if youre unhappy with restrictions and extra fees. 11. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 890 Village Drive Sebring, FL 33872. Avoids the consequences if local rent control is ever lost or compromised. Boca Bay Colony Boca Bay Colony offers beautiful waterfront estate homes on the Intracoastal Waterway in East Boca Raton. Information is deemed reliable but not guaranteed. There are certainly many places you can live, with a wide range of amenities available. A mobile home park much like a condominium association where the common spaces are maintained by the park owners and staff and where tenants have a small lot which they care for. This compensation comes from two main sources. Lazy Days Village is a mobile home park in North Fort Myers, FL. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Apart from some of the HOA rules that are annoying, HOA fees are another thing that can make someone wants to opt out of the association. Excellent choice! 0 Homes For Sale 0 Homes For Rent. RENTALS FROM $1025 - SALES FROM THE $30'S! If you wish to report an issue or seek an accommodation, please let us know. While you are on my site you can find information about hospitals and businesses in the Mesa area. Information provided on Forbes Advisor is for educational purposes only. Below is a list of communities & neighborhoods in Boca Raton that do not have a homeowners association . Mike has written and edited articles about mortgages, banking and credit cards for a decade. Everyone has a say in the way the ROC is run, and major decisions are made by democratic vote. NO lot rent! The home does need A Lot of TLC so cash or REHAB LOANS are suggested due to condition. A senior RV park is somewhat different and yet, very much the same. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Bel MarraBel Marra is a desirable waterfront community with no HOA located in East Boca Raton, FL. Sitemap, 5 32962 demographicslatest U.S. Census Bureau release. Legal Click to see all Bel Marra homes for sale. Much of his work has been dedicated to informing seniors on how to live better lives. If you wish to report an issue or seek an accommodation, please let us know. Mobile homes can be frustrating when it comes time to repair them as many of the appliances and other parts are not a standard size. Dont be blinded by the beauty of the house and forget to ask. Industry Rule of Thumb: For every $10 per month space rent increase you lose approximately $1,000 in mobile home equity. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Please see our. Own the land! Great loacation across from the pool and View the ducks from your lania in this 3/2 home where You Own the land. As rosy as that all sounds, there are drawbacks. Please think it through. Age-Restricted (55+) Community. If you have trouble paying your HOA feesbecause of a job loss or another major financial hardshipyou can try to negotiate with the association. 2676. When I moved in here, my rent was $142 a month. K We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These real estate listings are updated every 15 minutes from the MLS, providing detailed property information, large photos, maps, local school info, and community details. Frank Rolfe wouldn't return a request for an interview, but in this video from 2015, he laid out his business strategy. Q: What is the most common form of resident park ownership? After you must have completed the purchase of your house in a community maintained by mandatory HAO, you have automatically signed yourself as a member of the HOA, hence mandated to pay the dues. Choose from price, year, beds, baths, home size, and several others. In most states, you can expect to pay around $200-$300 per month. Being with other retired folks is a joyful experience. Custom search for you. Low taxes and LOW HOA. Whenever you want to see it again, you can find it in the menu, Florida manufactured own land 55 park low hoa: 61 results, Florida manufactured own land 55 park low hoa, florida manufactured you own land in park. Some parks may rent space for as high as $1,000 a month, but those parks usually offer special amenities like a gated community, security and on-sight maintenance. X They got me by the butt. Learn more. When a park is deemed to be a senior mobile home park, they have rules about the minimum age of the people who live there. ROLFE: Yeah. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Mobile home - pinellas park, fl 33781, Pinellas Park, Pinellas County, FL Huge price drop on this cheap fixer upper. $480.0. Another option is to use the preset searches I have created. As you enter the home Map Zillow estimate of value $50k (excluding included furniture and upgraded interior) /homedetails/112-Sunbird-Pl-2-Sebring-FL-33_zpid/ $45000. Mobile Home Park - Ocala FL Real Estate 5 Agent listings 1 Other listing Sort: Homes for You 3920 SW 30th St #D6, Ocala, FL 34474 $49,999 2 bds 2 ba 840 sqft - Home for sale 16 hours ago 3920 SW 30th St UNIT A-32, Ocala, FL 34474 $59,900 3 bds 2 ba 1,248 sqft - Home for sale 33 days on Zillow Loading. of Naples, Inc. All rights reserved. There many websites that are designed for seniors. Recommended Reading: Homes For Sale On Golf Course In Phoenix Az. A higher-end development that provides exclusive services such as a valet and a fitness center would charge much more. Schedule your showing today! Utilities: Some mobile home parks and HOAs may include utilities such as water, sewage, and trash collection in the lot rent fee. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The HOA fees will continue to remain low as long as there is no urgent amenity that needs to be constructed in the community. We at Champagne & Parisi Real Estate look forwarding to having the opportunity to assist you with your Boca Raton real estate needs. Most tenants pay rent on their space and own the mobile home. Remember, the reason for the pool is to increase the value of all the properties in the community and to provide the community with a pool. You can still lawyer up against your HOA if the money being contributed is not used for anything while things keep damaging in the community. Maybe not but the direct v 2 Bed/2 Bath plus BONUS ROOM. The amount of money thats tax deductible would depend on whether the rental was for a partial year or full year. The authoritative record of NPRs programming is the audio record. B It started to rise three years ago. Florida Mobile Home Parks with Low Lot Rent 20 Florida Mobile Home Parks with Low Lot Rent Click on a park name for more details. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Sugar Creek Estates Mobile Home Park Park Info Age Restricted 55+ Average Space Rent/HOA per Month $117.0 Click Here to Search for Mobile Homes Currently for Sale in Bradenton, Florida on Realtor.com. But some companies are buying up parks, raising fees and evicting people. 55+ park where you own the lot, too! 3920 SW 30th St #C45, Ocala, FL 34474 $27,900 Most parks offer senior living for people aged 55 and older and do not permit those who are younger to live there. In HOA communities problems with privacy may occur when enforcement of the community rules, restrictions, and bylaws promotes unwelcome nosy behavior among neighbors and HOA board members. Visit realtor.com and browse house photos, view . CASEY: In larger cities, mobile home communities are increasingly redeveloped as more profitable real estate. And they own almost every park around here. Age-Restricted (55+) Community. Information is deemed reliable but not guaranteed. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. !Show more, You May Like: Homes For Sale In Highland Forest Jacksonville Nc. There are so many activities, that at times, it is difficult to manage the household schedule. In short, there are usually many options for paying for rent in a mobile home park or RV Park. Lot rent is as low as $366 per month. The largest is Michigan-based Sun Communities. No Hoa Fees - Florida Real Estate 500 Agent listings 53 Other listings Sort: Homes for You 930 NW 6th Pl, Cape Coral, FL 33993 ROYAL SHELL REAL ESTATE, INC., Jill Winchel $535,000 4 bds 2 ba 2,244 sqft - House for sale 3D Tour 8648 Culebra Ave, North Port, FL 34287 EXIT KING REALTY $279,000 3 bds 2 ba 1,200 sqft - House for sale 3D Tour Loading. There are many benefits of living in a senior mobile home park. Possibly the best lot in sought after Sandalwood Park. Recommended Reading: New Homes For Sale In North Phoenix. Last Updated: January - 09 - 2023 $599,000 Included below are all no HOA homes for sale in Boca Raton, FL. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. At that point, appreciation in the parks value could put it economically out of reach of the residents. Get instant access to property photos so you can explore the home online. You might be using an unsupported or outdated browser. Home buyers searching for a home in a desirable neighborhood in Boca Raton without having to pay expensive monthly HOA fees will be excited to know that there are many communities in Boca Raton that do not have a mandatory homeowners association . For RV owner, rent is often paid online at the time of your reservation. But you may need to add another one, as well: Homeowners association (HOA) fees. In fact, there are schools, universities, school districts and lastly parks nearby. They can be one bedroom and larger. He liked living in a Sun Community. The community homes are comprised of Single 12 and 14 wide units and Double Wide units. With MHVillage, its easy to stay up to date with the latest Punta Gorda mobile home park listings. These monthly fees can be very expensive so if you are not someone who cares about having a swimming pool or a community gym these monthly fees could be a waste of your money. Our goal is to help you buy your dream home. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Jean Wawrzyniak-Fry, SRES, REALTOR More Than Just A Realtor 3850 E Baseline Rd #119 Mesa, AZ 85206, Matt Deuitch, AZ Broker [email protected], Privacy Policy and Terms of Service Sitemap | Accessibility. Some of the links on this website are affiliate links, which means that I may earn a commission if you click on the link or make a purchase using the link. If you plan to buy a home in an HOA, youll pay feesoften monthlydirectly to the association to help cover a variety of maintenance costs and neighborhood amenities. And sometimes, some homeowners can be paying either lower or higher fees than other homeowners in the communities. OK? Its business model is to buy up mom and pop parks and raise the rent. When browsing homes, you can view features, photos, find open houses, community information and more. The average space rent is $135 per month. So its better to verify how low the HOA fees are in that community before signing any papers. Mobile home owners worried about escalating rents fueled by speculators are pushing for legislation to control them. We received 3 reports with mobile home park lot rent running around $400 ($390, $400, and $440). NPR transcripts are created on a rush deadline by an NPR contractor. Most rent the property underneath. Baker is a retired home health worker and a proud grandmother who was looking for a place of her own after her divorce. The people, the activities, The beautiful lakes and neat homes. Lots are spacious and maintained by the Park's employees. Please ask your Realtor about HOA Fees before any serious negotiations begin. Saturday, March 4, 2023 The MHPHOA have been continually researching and developing a database of Resident Owned Communities (ROC) aka Resident Owned Parks (ROP) in the State of California. No Image Found. 17 Vista Gardens Trail 105, Vero Beach, Indian River County, FL, 32962 also comes with the following amenities: microwave, range electric and refrigerator. M In fact, there are schools, universities, school districts and lastly parks nearby. NO lot rent! All rights reserved. The home has been tastefully furnished by the WELL MAINTAINED 2 bed, 2 bath manufactured home in the ever popular 55+ community of Polo Park. This is a 1 Best kept secret in fort myers with a garage on deeded land and very low hoa fees of only $345.00 Quarterly. HOAs are usually governed by volunteer resident-led boards that also might include a representative from a development or management company. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Community offers a 112 SUNBIRD PLACE SEBRING FL 33872 Beautiful Large Manufactured Home in upscale community (over 55) this is not in a park rare to have no hoa Well maintained 2 bed, 2 bath home in the highly sought after 55+ community of Polo Park. The reason why HOA fees vary from one community to another in Florida is because of the work that need to be done. But mobile home parks have become a target investment for real estate companies who are jacking up fees. Some of the links on this website are affiliate links, which means that I may earn a commission if you click on the link or make a purchase using the link. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Click Here to Search for Mobile Homes for Sale in Florida. WATSON: And they will rapidly price out people who came to those parks because it was affordable housing. The only way you can avoid paying HOA fees in Florida is by joining a voluntary HOA or by selling your house. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. That is why we have compiled a list of 269 homes with no hoa that are currently for sale within Miami, FL residential boundaries, including open house listings. Without having to pay costly monthly or annual HOA fees, a homebuyer will have more spending power when purchasing a home and a current homeowner will have more disposable income to cover the costs of maintaining their home. Welcome to low maintenance Mesa Arizona. Learn more. No Image Found. No Image Found. Are you sure you want to rest your choices? Congratulations, if you have finally reached retirement, and are looking for a new home in sunny Florida. NO LOT RENT because you OWN a share of the park in this 55 + co'op. More info. Though there are several no HOA communities in Boca Raton, the inventory of homes for sale in these highly sought after neighborhoods is often more limited. Many people choose to live near Leesburg, FL because of its good reputation as well as its proximity to several parks and recreational areas. The home is located on Lake Artillery which is a 20 acre ski lake, so bring your water toys and your rod and reel!! Knowing that upfront helps you find a mobile home that is perfect for you and without a lot of the headaches. Most communities have at least one senior mobile home park within their communities. North Fort Myers. Your going to love living in Tidevue Estates a LAND OWNED 55+ community. By creating this email alert, you agree to our Legal Notice and our Privacy Policy. If this happens, the park might not be offered for sale for at least another 5 years perhaps longer. Roughly 20 million Americans live in mobile homes, once billed as low-cost living. When a park is deemed to be a senior mobile home park, they have rules about the minimum age of the people who live there. If you would like to learn more about non-HOA homes for sale in Boca Raton, please feel free to call us at . The most common is ownership by a nonprofit corporation (homeowner association), made up entirely of the homeowners in the park. Of the 181 ROCs, 113 are 55+ communities and 68 are all age (family). of Naples, Inc. All rights reserved. Residents of this community enjoy a peaceful lifestyle in a natural setting, as well as convenient access to all that Boca Raton has to offer. Many parks have space rental in the $200-$300 per month range, which is appealing for anyone on a fixed income. You can also narrow your search to show specific types of homes using the sort and filter options available. Anytime you noticed something unusual about the HOA fees you pay in Florida, ask questions. For example, you might have neighborhood amenities such as a pool and fitness center that are optional for homeowners. That means they pay a low monthly rent and can live in a larger home. of Naples, Inc. All rights reserved. CASEY: It's unclear how many mobile home parks remain family-owned, but they're an increasingly popular investment. Gorgeous remodel just completed 22 mobile home located in Holiday Park, an active 55 gated community in Palm Bay. The average space rent is $110 per month. Any third party contributor to any such profile, article or video has been compensated by SeniorLiving.org for such contribution. We didnt know anyone at that point. Well, raising the rent is simply part of the Day One purchase because often, the mom and pop has not raised the rent in years. Eligible Applicants: Mobilehome park resident organizations, nonprofit entities, and local public agencies. The price to stay in asenior mobile home park vary by park. Amenities: Some mobile home parks and communities offer amenities such as swimming pools, clubhouses, and fitness centers, and the use of these amenities may be included in the lot rent fee. This list of communities with No HOA Fee, is generated from our MLS using data from different brokerages. The HOA Board of Directors is composed of nine directors elected by the shareholders. 65565 Acoma - 760-329-7585. So you are looking for homes with no hoa in Leesburg, FL? Many of the larger retirement communities below also have condo's / patio homes / town homes - HOA fees vary among communities (please call for additional information: (480) 710-6326 ). Mobile home parks and RV parks offer small lots and community space that is maintained by the park. HOA Fees in Florida are so high because of what the money is being used for such as insurance which is needed to cover the exterior of the buildings, repair and maintenance of the community properties, and social amenity such as a swimming pool, tennis court, etc that needs to be constructed in the community.