Management Fee's on New Build estate

Skinto_7

Hi Folks,

Just wondering what you guys pay for your property management Fee's on a new build house estate (not flats) and what services you recieve for this?

I have moved into a 5 year old house on an estate of about 60 houses and although i dont pay much (£200 a year) i dont actually see what i get for this money.

I have asked the PM company to give me a schedule of works they carry out however i am still waiting on this. (There is no SUDS, One patch of communal grass that must take 10 minutes to cut and nothing else, the council apprears to sweep the roads)

Just wondering what you guys pay and get for your money?

Cheers

Mr_Thrifty

Just another con, really.

Richard_Webster

There will be some grass somewhere that the Highway Authority didn't want to take over - or the road is actually private. So builder sets up company to do the work and you all have to pay.

Most of the cost is the admin expenses of the managing agents, public liability insurance, accountants fees, company compliance fees, etc etc, so out of say £200 pa perhaps £30 might actually be spent on the grass cutting!

namecheck

There may also be communal lighting - "street lights" etc.

Though £200 does seem quite modest. There are flats not far from me which have no grass, internal communal areas only (no lift) and the service charge is around £1000 per year.

martinsurrey

namecheck wrote: »

There may also be communal lighting - "street lights" etc.

Though £200 does seem quite modest. There are flats not far from me which have no grass, internal communal areas only (no lift) and the service charge is around £1000 per year.

while that is a lot of money, you have to consider the cost of eventually replacing the roof and other major repair jobs, these are paid for from funds charged in previous years, so that £1000 includes amounts for things that might not happen for 15 years, but when they do happen will cost £60k each.

A lot of private estates with houses on them also have unadopded roads (so in effect private roads). These must be maintained to adoptable standards and will require funds in place to cover resurfacing and repair work, which can cost a fortune.

Any number of things can push up service charges, but you should be provided with a service charge reonciliation and budget, showing how they plan to spend your money, and how they eventually spend it.

Skinto_7

I agree the £200 is modest, especially compared to what some flat owners pay, however as Martinsurrey says the communal repairs in flats (when they happen) can be costly hence in theory the larger "float" element of peoples payments over the years should be used to minimise the costs, hence why i was keen to keep a distinguish between flats and houses.

As i said in first post, the council appear to sweep the road, hence why i think it is adopted (so no costs involved for the PM to maintain) i am waiting on PM company confirming, the street lighting will be part of my concil tax charge and not down to the PM company, so although the £200 is modest, it appears to be getting paid for the privalage of cutting about 1/60th of 100m2 of grass once a month for 6 months!!! Seems a rip off for what you get!!!!