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2. Replacement value - Wikipedia

   en.wikipedia.org/wiki/Replacement_value

   The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...

3. Florida condo owners look at higher costs as new regulations ...

   www.aol.com/florida-condo-owners-look-higher...

   Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have ...

4. A reckoning is coming for Florida's condo owners as buildings ...

   www.aol.com/news/reckoning-coming-floridas-condo...

   Across Florida, aging condo buildings are facing rising expenses and millions of dollars in structural repairs to comply with new regulations following the collapse of the Champlain Towers ...

5. Condo HOA fees jumped 60% in South Florida in past 5 years ...

   www.aol.com/condo-hoa-fees-jumped-60-090000798.html

   Broward faced a similar wave of condo costs: HOA fees jumped more than 56% to $613 this year, from $392 over the same three-month period in 2019. ... Already swimming in a pool of repair costs ...

6. Special assessment tax - Wikipedia

   en.wikipedia.org/wiki/Special_assessment_tax

   The foundation principles for ad valorem taxes are that each property is valued according to its market value and that each property is taxed based upon a single millage rate that applies to everyone (uniformity). [10] Special assessment levies are not ad valorem property taxes even though they may be collected on a property tax bill. A special ...

7. Reserve study - Wikipedia

   en.wikipedia.org/wiki/Reserve_study

   Reserve studies are in essence planning tools designed to help the board anticipate, and prepare for, the property's predictable major repair and replacement projects. For example, such projects would include: replacement of the roof on the building(s), replacement of the boiler, retrofit of the fire alarm devices, and resurfacing of the roadways.

8. This 32 year old gave up on homeownership in LA where ‘even a ...

   www.aol.com/finance/32-old-gave-homeownership-la...

   A 20% down payment amounts to $240,000, and that’s just the start: Mortgage payments, property taxes, and maintenance costs all add up to a substantial financial burden.

9. For these KC condo owners, the cost of living on the Plaza ...

   www.aol.com/kc-condo-owners-cost-living...

   But, “based on the construction bids as of June 2023 and the engineer’s projections received by the Association, the total cost of this project is now expected to be around $10 million ...