Why does it cost more tods live in a gated community in Spring Texas and is it worth it? The first part of the question I can answer for you. Whether it’s worth the extra cost is one of personal opinion.
We have several gated communities in Spring Texas including Estates at Creek Ends, Spring Lakes, Lakes of Cypress Forest, Bainbridge Estates, Canyon Gate at Legends Ranch, the Falls at Champion Forest, Cypress Forest Lakes, the Sanctuary and more. The annual home owners association (HOA) fees for these gated communities range from $815 to $1,800 while non-gated communities in Spring Texas range from $400 and $750.
Why does it cost more to live in a gated community?
There are several reasons ….
1) cost of the gate (initial and ongoing maintenance) – The gates do break down.
2) cost of the guard – Some communities are gated and guarded.
3) cost of the streets – In non-gated communities, the county is responsible for street maintenance. In gated communities, the HOA is responsible for street maintence. Our subdivision streets don’t require a lot of maintenance but when they do it is expensive. Pot hole can easily run into the tens of thousands of dollars to repair.
The more homes in the gated Spring Texas subdivision the less expensive the annual HOA fee will be. The annual cost will be spread amongst a higher quantity of home owners and thus the cost borne by each home owner will be less. The HOA fees vary due to the size and the level of amenities in the subdivision.
Jill Wente was our realtor when we recently sold our home in Spring, TX. Jill's name was frequently seen... read moreJill Wente was our realtor when we recently sold our home in Spring, TX. Jill's name was frequently seen on for sale signs in our neighborhood and my wife decided that her research said Jill was who we should use.We met with Jill about one month before we were ready to list the property and Jill was very willing to speak with us and go through what she felt were the appropriate things that a home owner should be doing. She also had multiple home sales in the area and told us where she thought we should price our home. In addition Jill went through the entire home and gave us instructions on what needed to be done in order to make our home the most attractive. Before the home was put on the market, with a "coming soon" sign in the front yard, we had showing and offers. After the initial open house, we had 4 offers and selected one. The offers were at asking price or above. Unfortunately, the people who made the original offer we accepted, were not able to get their financing, but this didn't stop Jill. We kept the earnest money and relisted and immediately had 3 new listings, including the original family who opted out. After several discussions, we agreed to offer the home to the original family again, but included at Jill's recommendation very high earnest money requirements which the family accepted. The purchase went through and we set closing, moving out of our home to a new home near Austin, TX. Unfortunately during the move out, a leak developed in the laundry room and Jill found this. She immediately called us and we left everything in her capable hands as we were out of town. She contacted a plumber, had the pipe repaired, contacted a remediation company to dry the house, and another contractor to repaint the damaged areas. Jill also delayed the closing in order to get everything done. Jill was able to take a horrible experience and make everything right. She is the best realtor we have used and we have had at least 8 moves using 15 different realtors in the past. read less