What is a regime fee in Hilton Head?
While navigating the Hilton Head Island real estate market, you may encounter something known as a regime fee. But what exactly is that? These types of fees are usually collected monthly and include exterior insurance, structural maintenance, and upkeep of the common areas.
What are the HOA fees at Sun City Hilton Head?
SUN CITY HILTON HEAD AMENITIES Sun City Hilton Head HOA fees are $230 per month and include lawn care, security, and common amenity maintenance.
What does regime fee mean?
Regime fees are condominium association costs typically charged on a monthly basis to the owners of condos that cover budgeted items. Although the terms “HOA” and “condo association fees” are more widely used, “regime fee” is a common term in southern states, and more specifically here in South Carolina.
What does condo regime mean?
A typical condominium regime vests ownership of a “unit” in the owner, and the places ownership of the common elements in a unit owners association. This arrangement can, in some cases, be employed when developing real estate by subdivision is problematic.
How much are the HOA fees at latitude Margaritaville?
between $250-$290 a month
As far as monthly HOA fees, a Latitude Margaritaville member can expect to pay between $250-$290 a month for a “maintenance-free” lifestyle.
What is a regime fee in South Carolina?
Regime fees are condominium association costs charged on a monthly basis to the owners of condos. Although HOA and condo association fees are the more widely used terms throughout the states, use of the term “regime fee” is common in southern states, particularly South Carolina.
What state has lowest HOA fees?
Wyoming
A state with relatively affordable housing, Wyoming, has the lowest median HOA fee, coming in at $100 per month.
What is CPR for property?
Condominium Property Regime (CPR) is a type of ownership and governing process that is created when real property is submitted to the condominium property regime. It’s a process that you may have heard as “CPR-ing” a property.
Is it expensive to retire in Hilton Head?
Higher Cost of Living Despite the average household income being higher than the national average, the cost of living in Hilton Head makes up for it. Just about everything is more expensive on the island, from purchasing a home to buying groceries.
Is Hilton Head a rich area?
The per capita income in Hilton Head Island in 2018 was $60,988, which is wealthy relative to South Carolina and the nation. This equates to an annual income of $243,952 for a family of four. However, Hilton Head Island contains both very wealthy and poor people as well.
Is the Sea Pines trolley free?
The Sea Pines Trolley The trolley offers you an easy, convenient way to get around Sea Pines and visit your favorite locations. Take advantage of this complimentary service, courtesy of Community Services Associates.
Does Jimmy Buffett own Latitude Margaritaville?
In 2017, Buffett announced his first retirement community, Latitude Margaritaville, which opened in Daytona Beach. It’s limited to residents aged “55 and better.” And that doesn’t count the RV camps, or the properties with different names, such as the Landshark Bar & Grills and the 5 O’Clock Somewhere bars.
What is Shipyard Plantation known for?
In a setting of tall pines, rustic oaks and tropical palms lies Shipyard Plantation’s 800 acre residential resort community. As a private plantation, Shipyard residents enjoy championship golf and tennis, biking trails, lagoons, and the beach (rated #3 in the US by the Travel Channel).
Where is Shipyard Plantation Hilton Head?
In a setting of tall pines, rustic oaks and tropical palms lies an experience – Shipyard Plantation. Covering approximately 800 acres, Shipyard is conveniently located in the scenic heart of the south end of Hilton Head Island.
What is a plantation or resort?
Many of the neighborhoods in Hilton Head Island, Bluffton and the surrounding Lowcountry are privately owned communities, often referred to as Plantations or Resorts.
What is it like to live in shipyard?
If one word could describe Shipyard, it would be diversified. This unusual residential and resort community offers first-class living for those who choose to visit and those who choose to reside in this scenic but secure plantation.