RISING TIDES The Official Newsletter for Tides IV Luxury Condominiums in Mount Pleasant · June 2017
Learn how owners are saving money and creating more bucket lists!
I N SID E • Regime Fee Comparisons • Luxury Lowcountry Living • Tour Our Models • How To Contact Us
UNLOCKING THE TRUTH
Understanding the basics:
Regime Fees are associated with
in the budgeted costs of operating
Regime Fees and HOA Fees—what’s
condominium communities. The
a community and dividing those
the difference? Regime and HOA
initial reaction is often to think they
costs among owners based on
fees are payments by the homeowners
are expensive until people discover
residence size.
of condominiums, townhomes, or
how they differ from HOA fees in
other types of property in a planned
communities with Townhomes or
Condominium. Most buyers we
community. They often include the
Single-Family Homes. Regime fees
work with are moving from a single-
maintenance of common areas and/
usually include many of the monthly
family home to a condominium or
or amenities that are shared by all
costs that one might pay in owning a
trying to decide between the two.
homeowners. Fees can range widely
house. For example, Tides IV
In either case, a cost-comparison is
in each community, depending on
Regime Fees include water, sewer,
usually part of their due-diligence.
the amenities and services offered.
gas, cable, Internet, phone, building
Let’s compare two homes in popular
Generally, the more amenities and
insurance, and more. Regime fees are
communities in the area to one of
other expenses shared among the
also usually calculated by factoring
the largest three-bedroom residences
owners, the higher the fees.
The Comparison: Home vs.
at Tides IV. We’ll include typical
ABOUT REGIME FEES monthly and annual costs for each.
your son on the fishing trip you’ve
Picchu. The life you’ve dreamed of
Please remember that actual numbers
always talked about; sip Chianti in
is waiting for you and the Tides IV
may vary based on other variables.
Tuscany; or climb the ruins of Machu
lifestyle can help you to enjoy it.
Most homeowners save several
thousand dollars each year by owning a condominium versus a single-family home. In our comparison, reflective of most owners, savings can exceed $6,000 annually: perfect for that annual trip you’ve been dreaming about. And while savings are important, an even greater benefit of condominium living is time, the true currency of life, since it can never be replaced. With less upkeep, you’ll have more time to live your life: Take
H O M E C O S T C O M PA R I S O N
Monthly Expenses* I'On (3,000sf) Old Village (2,800sf) Tides IV (2,300sf) Electric 300 300 175 Gas 30 30 X Water/Sewer 90 50 X Security 50 48 X Landscaping 150 220 X Property/Flood Insurance 475 532 X Contents/HO6 Insurance included included 100 Cable/Internet/Phone 185 225 X Gym Membership 100 100 X Community HOA/Regime Fees 90 X 1,100 Pool Club 100 66 X Total Monthly Expenses 1,570 1,571 1,375 Annual Expenses* I’On (3,000sf) Old Village (2,800sf) Tides IV (2,300sf) Termite/Pest Control 360 360 X Special Landscaping 1,000 1,000 X Exterior Maintenance/Repair 1,500 1,200 X Pressure washing 800 800 X Total Annual Expenses 22,500 22,212 16,500
* Disclaimer: While many of these costs were supplied by individual property owners, costs can vary depending on the property, owner, and inflation.
ALREADY
$
8M IN SALES FOR 2017 WITH LIMITED RESIDENCES REMAINING
Tour Our Four Models
Located just off the east end of the Ravenel Bridge
Visit Tides IV and tour four
gathering spaces, perfect for
different model residences. Each
conversing or entertaining. Come
was designed with owner input
learn how Tides IV was built for
and perspective and combines
privacy, energy efficiency, and to
contemporary design with
maximize views. For access, call
Charleston’s tradition of charm and
843 388 4681 when you arrive. Our
luxury Lowcountry living. The open
team will greet you at the entry. While
floor plans allow an abundance of
you’re here, have a complimentary
natural light and create multiple
coffee, espresso, or latte.
Four Tides IV Decorator Models Now Open
For details on the property, visit us at www.TidesIV.com
Visit by contacting us at 843 388 4681
SPONSOR
I N F O R M AT I O N
East West Partners-Charleston
www.TidesIV.com · 843 388 4681
SALES
SALES OFFICE ADDRESS
Graham Worsham at Graham@TidesIV.com
155 Wingo Way Mount Pleasant, SC 29464
Mac Triplett at Mac@TidesIV.com
The Tides IV brokerage company name has changed from Cooper River Realty, LLC to East West Realty, LLC and will be reflected in MLS.