Owners of language condominiums along the solar and serene coasts of Florida face expensive reality, But well -known developers The state claims that HOA and maintenance supplies are required to prevent the future tragedy.
“A lot of people have seen their service twice. They saw that some estimates were becoming extremely unavailable. This has certainly affected many residents here in Florida,” said Gutman Development Marketing President Phil Gutman.
“There is a conflict, and the conflict is a little complex, and it is a little difficult because you have three competing problems. In one, you have a security question. Two, you have old buildings,” said Ian Bruce Eichner, founder of continuum, also digital. “The last question that comes (Apartment 3.0) is a requirement that, if the condominium declaration that the original proposal says that 50 years ago gives it differently, you will need 90% of residents to agree to stop Candenin.”
“We have a state, cities, city authorities, law enforcement agencies, city executives, more involved in buildings. I think it is important to prevent the next catastrophe, God for the next disaster. Don’t forget that there are (there are) thousands Isaac Porodian.
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“I think the fact that you have more checks, more rules, I think it’s good for everyone and for the safety of everyone.”
Three real estate developers in Florida voted for the state bill on Condo 3.0, although this led to an increase in HOA fees and service for owners. (Getti Image)
Higher apartment fees are the result of the Condo 3.0 bill, adopted by the governor Florida Ron, at the beginning of 2024, less than three years after Shamplain towers fall apart in surfside. The new bill dictates a new set of reforms, including how the building is supported before the apartments are guided. The oldest buildings and their inhabitants will probably see the most expensive assessment.
“Any rational person should support the legislation as he goes to security. Therefore, if it can have a financial burden, we have obligations – the state, the city, all obliged to keep people safe,” Eichner said. “So, there is no doubt that the law is something that, unfortunately, has become a consequence of events, but it is definitely what everyone supports.”
According to Recent data from RedfinIn several cities, Florida on the east and west coasts has double -digit growth compared to the fee of the apartment. Tampa saw the sharpest growth by 16.7%; Fort -Lodardil increased by 16.2%; The average cost of the apartment in Miami is $ 835 a month; And Ki -West has the highest average for HOA for $ 1063.
Fox Business’s report by Fort -Loredale, Florida, where condomin and hOs are growing and thus turn new residents.
In some high-demand markets, such as Miami, the owners of the 16-year-old Bricell Avenue 1060 unit should divide $ 21 million into special estimates after the board of directors determined the directions of the damage.
According to the developers, many apartment buildings, which are 40 to 60 years old, are more likely to be demolished and rebuilt as new, luxurious real estate projects.
“I think we will see more and more of this Prime Real Estate transaction. The senior product is replaced by a new product,” said Pleadona.
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“The shift we see on the market is the appetite of old products, old units, many other owners who want to work with the developers, and they understand that if you live in a three-story building that was built in the 1960s, this building is likely to be serious. anything that will cost millions and in the group. “
Florida, called “Condo 3.0” bill on annual service and reserve assessments for buildings that make up three stories and above. | istock
“Some of these buildings, which are 50, 60 years old that can not be corrected. These buildings should go down,” Gutman explained. “If anyone has an apartment that cost $ 300,000 in the open market, and we come for $ 750,000 (up) $ 800,000, I believe that these people are in a much better position than they are, frankly with you. Security. ”
While state legislators claim that the Condo 3.0 law will improve longevity and high-rise buildings, there are concerns that luxurious mixed-use developers deprive residents of resolving powers, add expensive fees and appreciate them from their long-term houses. a pensioner either with a fixed income Owners.
The manager’s management management did not respond to the Fox News Digital request.
Eichner served as an example: “You have a building that is 62 years old, has 12 million dollars, has a population of 20 or 25% of the retirement building, and that 20 or 25% or do not want to move, has no resources to move.”
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“So, what you have is the creation after constructing the estimates they really cannot afford. They don’t have the will, that is, 90%that may require abolition, and so they are now sitting in this” None Earth “in which they try to have a partial assessment. “But probably there are hundreds of buildings that are in this situation when we leave one year from one of the requirements after evaluation. I suspect it will be a real problem in 2025, 2026.”
In February, new leaders in the Florida legislation said their subsequent classes would include potential changes in the legislation of the apartment, but will not include negotiations around direct financial assistance for apartments.
Three developers insist that they are here to help those who are concerned about residents.
“I think that in the end, the developer or not, we are all human beings (s). And if a stronger person can help a weaker person, or a smarter person can help a person with less knowledge or less experience, I think that’s what he sees and we all need to help each other if we can,” he said.
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“We do not enter to try to seize buildings and do not prefer a hostile environment. When we approach the building, we approach it and move forward because everyone in the building want to sell. And they don’t want the estimates, they do not want hiking for maintenance,” Gutman conceived.
“The part of the proposal we made was to the extent that you are interested in, we will help you move you. To the extent you are not sure where you want to go, we recommend a few brokers to work with you,” Eichner said. “So, this is an attempt to have a more holistic approach to full maintenance, not just say: we offer you” X “for your apartment, and this, thank you, goodbye.”
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2025-03-01 14:00:00
