Post reply

Re: Maintenance Fees (by Mary D.):

jayjay wrote:

I admit that maintenance fees are needed to keep a resort in good condition. My problem is the amount of some maintenance fees for one unit X 51 owners (one week is set aside for yearly maintenance). Say your maintenance fees are $700 (a year) X 51 (owners) = $35,700 a year just for one unit. I realize that includes maintenance of the entire resort, but that seems exhorbitant to me.

Also, it seems that high maintenance fees are not enough to cover special assessments for many resorts. In other words some resorts have absolutely no reserves in place for repairs even with the high yearly maintenance fees charged owners.

High maintenance fees (on top of what was paid initially for a timeshare) and special assessments are two of the main reasons we now rent and no longer own.

Also, it 's never revealed that maintenance fees will probably rise each and every year. Many people are in the dark as to that issue when buying for the first time.

I think we have to assume at least something like a "cost of living" increase in MFs. Wages for resort workers rise, too. Insurance has gone up big time in areas hit by hurricanes.

Within a single resort, there are sometimes more than one POA (Property Owners Association) who oversee their section and choose the management company. We visited one in which one of the POAs had kicked out their original Fairfield management and hired someone else. Stay in their section of the resort and you got one roll of toilet paper. After that... I hate to think of what they neglected in upkeep to keep fees low.

MD