Hilton Head, one of the most sought after vacation destinations in the world, is also the home of fabulous vacation properties like Marriott’s Grande Ocean timeshare resort. Beach front, this incredible resort offers a wide range of activities, including four outdoor swimming pools, an indoor pool, a five-court tennis complex, health club, lush tropical gardens, and white sandy beaches.
In general, associations are becoming more aggressive about collection techniques of maintenance fees and thus delinquencies have gone down. With more people paying their maintenance fees, delinquencies going down and costs not rising, fees have become more stabilized, increases have remained modest and the rate of increase has not been as great as in the past.
Let’s take a look at what the 2014 maintenance fees are at Marriott’s Grande Ocean Resort for a two bedroom villa:
2014 Annual Maintenance Fees
Property Tax Fee……………$ 107.61
Operating Fee………………..$ 818.37
Reserve Fee……………………$ 285.69
Total Charges…………………$1211.67 Bi-Ennial: $605.84
2013 Annual Maintenance Fees
2013 Property Tax Fee…………….$ 110.16
2013 Operating Fee …………………$ 780.93
2013 Reserve Fee…………………….$ 274.70
2013 TOTAL…………………………$1165.79 Bi-Ennial: $582.90