|
 |
Residence Club Annual Ownership Expenses
|
Full Ownership |
Private Residence Club |
| One Time Payments |
|
includes |
| Closing Costs (legal fees) |
$8,500.00 |
* |
| Business Registration |
$2,100.00 |
* |
| Furniture |
$50,000.00 |
* |
| Villa Interior |
$35,000.00 |
* |
| Pool Patio Upgrade |
$55,000.00 |
* |
| Landscaping |
$5,000.00 |
* |
| Satellite Hook-up |
$395.00 |
* |
| Internet Set-up |
$1,100.00 |
* |
| Total Costs Prior to Closing |
$157,095.00 |
|
Annual Costs |
|
|
| Mortgage |
$25,942.00 |
* |
| Cleaning |
$1,200.00 |
* |
| Insurance |
$1,200.00 |
* |
| Taxes |
$5,000.00 |
* |
| Homeowners Association |
$4,800.00 |
* |
| Sewer |
$312.00 |
* |
| Water |
$420.00 |
* |
| Electric |
$3,700.00 |
* |
| Trash Collection |
$360.00 |
* |
| Satellite TV |
$588.00 |
* |
| Telephone |
$400.00 |
* |
| Wireless Internet |
$720.00 |
* |
| Interior (after warranty) |
$1,000.00 |
* |
| Exterior (after warranty) |
$1,000.00 |
* |
| Pool Maintenance |
$420.00 |
* |
| Yard Care |
$1,500.00 |
* |
| Golf Cart Rental |
$5,000.00 |
* |
| Pest Control |
$540.00 |
* |
| Total |
$54,102.00 |
|
|
(w/o mortgage) $28,160.00 |
|
| Monthly Comparison |
$4,508.00 |
$275.00 |
|
(w/o mortgage) $2,347.00 |
|
**Costs are Estimated and based on a well decorated, upgraded patio pool 1800 sq. ft. home
** Full Ownership closing cost amounts are based on a 70% balance on mortgage of $350,000.00 at 6.28%
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