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Desert Mountain Adding a Community Enhancement Fee

January 16, 2023 by Carmen Brodeur

The Desert Mountain HOA members will be voting to implement a Community Enhancement Fee for new homeowners. All buyers at Desert Mountain will be required to pay a one time fee to the HOA of 1/2% of purchase price on every home or lot. The fee will be collected at closing starting March 7th, 2023. For example, a buyer of a $2 Million home will pay a $10,000 fee to the HOA at closing. This one-time fee will be used for HOA capital improvement projects such as roadways, bridges, storm damage, erosion control, and upgrading security.

These projects have been funded in the past by Design Review fees paid for by new home construction. Those fees brought in $1.1 million last year, however it is anticipated to decrease significantly in the next few years as there are fewer buildable lots in the community. The HOA also decided that this fee was necessary because the rising costs of labor and materials will make funding these projects even more expensive in the future.

Several luxury communities in Scottsdale charge similar fees at closing. Silverleaf, Estancia, Whisper Rock, DC Ranch, Grayhawk, Mirabel and Sincuidados all charge a minimum of 0.5% to new property owners as a one time fee at closing. The fee is charged to every new property owner every time a home or lot is sold and paid to the HOA at the close of escrow. These fees are set aside by the HOA to pay for capital improvement projects in the community.

If this proposal is passed by current homeowners, the HOA predicts it will bring in approximately $1.25 million per year based on 125 transactions, averaging $2 million each. I expect the current homeowners will approve this change, since it does not cost them anything (only future homeowners are affected) and it strengthens the financial reserves of the community.

Feel free to contact me with any questions about Desert Mountain or other golf clubs in Scottsdale. I specialize in representing buyers and sellers in the finer golf communities of North Scottsdale.


Carmen Brodeur JD

Realtor
Trillium Properties, LLC
20715 N Pima Road, Suite 108
Scottsdale, AZ 85255
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.DesertMountainHomesOnline.com

 

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Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2022. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

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We are conveniently located in North Scottsdale.

Trillium Properties, LLC
20715 N. Pima Road, Suite 108
Scottsdale AZ 85255
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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