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What are all the monthly costs I will have with a 1bedroom condo in the FL Keys?

Trying to figure costs: mortgage, condo HOA fee, annual taxes- will I need to buy additional insurance? And what is average cost of that? And are any utilities often included? I understand it would vary, but just trying to put together a comprehensive list of costs, and hopefully ballpark amounts. Trying to put together a spreadsheet and crunch numbers. Any insight appreciated!
  • March 08 2014 - Marathon
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Answers (3)

Best Answer

Mortgage

Contents insurance (Condo's cover the building insurances) - Contents is usually pretty inexpensive, depends if you have any major items that you will need to have insured like Artwork, Jewelry, major appliances (Ultra large tv's are a big one now).  

Depending on the condo, you may have one or more of the following utilities:
- Electricity (usually not covered in condo fees)
- Cable (sometimes covered in condo fees)
- Internet (sometimes, but not usually covered in condo fees)
- Water (usually covered in condo fees)
- Sewer (usually covered in condo fees)

Condo fees (these could be monthly or quarterly)

Taxes (These are annual)
  • March 09 2014
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You're welcome Willie.  Glad I could help.  Let me know if you have any more questions, and good luck!
  • March 16 2014
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Thanks Derrick - you are very helpful! Gives me a good start.
  • March 12 2014
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