I decided to buy a property in a gated community. How much will my HOA fees be and is there a CDD or Special Assessments?
The great part about doing Real Estate here in Florida, and the U.S., is we have access to just about all the information we could ever need for a property. That being said, the HOA and CDD/Assessment fees will vary from community to community. For the most part, it will depend on how many services the community provides to you the homeowner. Some communities will be loaded with amenities such as a clubhouse, pools, tennis courts and so on. These all need to be taken care of so the homeowners split the cost. Also, some communities will include cable, internet, water and so on when you purchase a home. The more offered, the higher the fee. Not all communities have a CDD or Assessments. These are typically paid on an annual basis and will come lumped together with your tax bill. Again, your Pinnacle Agent will inform you of all the fees associated with your property prior to offering.