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I've been looking at some apartments for sale on Polaris World resorts.
Does anyone own there that could give me info on how they are maintained, as I'm concerned regarding the general upkeep of communal areas and outside appearance of apartments.
Who is responsible for maintaining the upkeep and is it ongoing and up to date?
How much are the maintenance fees?
I don't want to spend money on a holiday home that is going to look dreadful in a few years time!
Many thanks
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Which Polaris resort are you looking at ? LaTorre is about 9 years old now and still looks good, work is being done all the time to keep on top of things Apts pay around 100 euros a month.this covers things like the buildings insurance for the apts block, 24 hour sercurity swimmings pools and all other maintenance things ,like the lifts in apts blocks. the list could go on and on.
This message was last edited by newworld on 08/02/2015.
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Polaris World is bankrupt and the resorts they built are no longer named after them. The title is a dirty word in the region.
_______________________ Time is the school in which we learn
Time is the fire in which we burn.
Delmore Schwartz.
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100 euros a month for maintenance?
With IBI + maintenance, there's not much difference between those costs and council tax in UK!
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The complex that you are looking to buy on are always kept neat and very tidy but that comes at a very high cost you should have a look at buying on a urbanization I Have a large 3 bedroom 3 bathroom villa with swimming pool that costs 400eu ibi per year a typical gated complex will cost around 100eu maintained pm + 400per year ibi .
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€100 a month typical? Don't tell our community members that. They're all complaining with a 3 bed house going up from 500 to 550 a year at the last AGM. It would appear we are one of the highest community charges in the area as well.
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An apartment is likely to have a higher management fee than a house - or at least in Andalucia this is the case.
Just for interest, the management fees in apartments in the UK ranges from £1200 to anything you like really, depending on what facilities are on offer. I own a two bed apartment in Leeds which has a concierge and a gym and the management fees are very close to £2000. I sold a condo in the USa because the various community fees were over $5000 a year. Spain never seems that expensive to me.
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€100 Euros per month for an apartment on a golf complex in Spain is the very lowest amount you would expect to pay. Ask the owners on La Manga Golf.
_______________________ Time is the school in which we learn
Time is the fire in which we burn.
Delmore Schwartz.
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Thanks for your replies.
How many urbanisations are there? Which are the most popular pleaes?
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Or Roda Golf. I think the people who think it is too much are probably in villas, and they have different fees for different services.
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Camposol Yor not talking like for like when you say (With IBI + maintenance, there's not much difference between those costs and council tax in UK!) For one you dont get 24 hour security in with your poll tax & buildings insurance in with apoll tax bill, i cant think of many house in UK that come with golf course views, and nice maintained gardens. all that would be a extra in the UK, i have a gardener in the £30 every 2 weeks.
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There are about 14 golf urbanisations in Murcia. Some of them are in a dire state, some holding on depending how many owners are paying their fees. Be very careful with the facts any seller of property tells you. Do your own research. It is not cheap to own on golf courses and renting is not that simple due to over supply problems in the region, debts and build quality. Most of them are in undesirable remote locations where holiday renters don't want to be.
Most original owners who bought in the boom have lost a fortune.
_______________________ Time is the school in which we learn
Time is the fire in which we burn.
Delmore Schwartz.
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Mickyfinn-Which urbanisations are in a "dire" state and in "undesirable" locations, then?
has someone been brainwashed by watching "homes from Hell?"
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Duplicate - again
This message was last edited by camposol on 09/02/2015.
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Have you visited Mosa Tredjectum? I'm not going to continue and name other resorts or else those with vested interests will hurl abuse, cry foul play and damme me vitals, ad nauseam..
PS I don't watch the telly.
This message was last edited by Mickyfinn on 09/02/2015.
_______________________ Time is the school in which we learn
Time is the fire in which we burn.
Delmore Schwartz.
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camposol
IBI alone in Spain is the equivalent to Council Tax and is much lower.
Community Fees are the equivalent of Service Charges in UK and considering on many resorts that cost over 100 per month you get an abundance of communal pools, communal gardens, lifts in most blocks plus underground parking in many and very probably resort Security they are much lower than I pay on an equivalent 2 bed flat for service charges plus insurance in the UK.
Pepper
Yes there are both good and bad resorts, as advised, do your research if looking at property even though prices have fallen 50%, plus check if fees are all paid up if looking at resales, especially if bank owned as many are.
PS Corvera Golf Course is now closed as is La Tercia Golf though the resorts are still running as well as Mosa, which really was a disaster, sadly for those who bought.
Popularity, surely is personal preference on location and facilities etc.
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Not quite, hugh. Your community fees also pay for road maintenance, street lighting, street cleaning and so on, all things that come under council tax in UK.
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That obviously varies Marie, as here, those jobs are undertaken by the Town Hall NOT the Communities or indeed the Entidad whose role is to look after the bits of land deemed to be part of the town, but in fact make up the urbanisation.
Even though we are obliged to have security, paid out of Entidad fees, and gates onsite, the roads are actually public roads not private, so are the responsibility of the Town Hall.
As i said, there are so many variations, it is worth asking and checking all fees and responsibilities before committing.
If in fact some of those services are included in Community Fees, that is not a bad deal.
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To my way of thinking €100 pm is a lot for a flat on Polaris World. Also, I would like to know where my money is going and see proper annual accounts, including debtors reports. Some accounts I've seen are put together for the specific year and do not have any accruals.
Some Spanish Administrators have an extraordinariy laid back attitude and a place like Polaris World must test even the most robust of organisations.
I'm not an expert but from my limited knowledge I'm confident you will get better value for money elsewhere.
_______________________ Don't argue with an idiot, he will drag you down to his level and beat you with experience.
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