Cost of Ownership:
Association Fees
Base association fees for one and two bedroom units are
approximately $2400 and $3600 a year respectively.
This does not include taxes, assessments, utilities and additional fees
imposed by the board which significantly raise the true cost of ownership.
The Beaver Ridge base fee per bedroom may be the highest in
the county, and new owners are somewhat surprised to find that it does not
cover necessary maintenance. Reasons include the alienation of
neighboring communities that previously shared costs and the mandatory
subsidizing of non-essential utilities and amenities that primarily benefit the
handful of year-round residents (which happens to include the current
president).
It should be mentioned that there are fiduciary concerns based on a history of wasteful spending and less-than-truthful communication from the board.
Next Issue:
[Update 8-31-13: Unlike the many other
issues at Beaver Ridge, a substantial improvement in association fees would not
necessarily follow from a change in leadership.
Moreover, many owners disagree that this is even an issue.
They point out that base fees have not risen in the last three years
(even if other expenses have). They
also note that less than 25% of the budget is devoted to non-essentials.