Buying a Villa
 

Folks,

Wonder if someone can help

We are in the very early stages of considering buying a villa - 4 beds at Southern Dunes

Can anyone give me a rough figure and breakdow of the ongoing individual costs we would expect to pay on a monthly basis please?

Many Thanks

George

Don't do it! Unless you can 100% fund it without renting.
TBH lots of people will not rent at Southern Dunes as its too far out.
Join an owners forum . top-forums is one where you will get a wealth of experience and info. Running costs are astronomical for STR homes.

Hello George. We researched and invesitaged for over 2 years before we decided to go agead.

Here are some of the costs that you will incur:

Mortgage (if you take one)
Home Insurance
HOA
Property Taxes
Water
Electricity
Cable TV
Phone
Internet
Management Company fees (Monthly)
Pool cleaning (weekly)
Pest control (monthly or bi-monthly)
Lawn care and gardener
Tourist taxes (if you decide to rent out)
Sales taxes
Maintenance
Cleaning

There are other yearly fees such as hotel licence, fire extinguisher testing, accountant. I might have missed a few! Figures vary greatly from villa to villa all depends on the area, size and cost of villa etc.

Villa owning is exciting but very hard work. I enjoy it but it can get stressful.

Good luck in what you decide and if you have any questions send me a PM :wavey:

Im not an owner but the biggest thing I see other than costs is technically you never have a real holiday out there any more as you are constantly adding, upgrading and looking after your property.

Good luck George, Southern Dunes is a cracking community with a fantastic golf course.

Many Thanks

As it will be predominantly our house with rental an occasional afterthought to fund redevelopment we have chosen Southern Dunes as we like it there.

Sorry what is an STR home?

Good luck, sounds really exciting.
STR means short term rental - i think thats what they were talking about.

Thanks Big Dog

We love it there, its remote enough for us to be away from hustle and bustle, secure and quiet with decent shops and restaurants not too far away.

Played from the proper tees for your ability it is a really good test and at $35 monthly membership ad $25 per round including buggy weekday and $35 at weekend at this time of the year represents great value.

With new Rocketballz woods, this will finally be the year I get home in 2 at 16 from the blues!

STR = Short Term Rental

We have a 4 bed and I can give you a rough price guide.
Electric- at least $350 per month
Water - at least $100 per month and ours is cheaper as its reclaimed
Cable/internet/phone - $120
Alarm - $45
HOA fees $400 per quarter
Management fees - anything from $300 up depending on guest call outs and number of cleans
Proprty tax - different for everybody, ours is $1700 ish per year
Insurance - again different for everyone, ous is $1350 ish per year
Plus our mortgage payment on top of all this!
We're over at the villa right now and have bought a new sofa, had an alarm fitted, had new Air Conditioning ($3000), new patio furniture - the list goes on.
And anyone who tells you its easy to get bookings is a liar! Pussycat

oh am so jealous we would love to buy a villa out there and eventually move there on a permanant basis - good luck with your purchase