Budget Information

Southlands residents please know that the Board is making every effort to manage the budget for the community to the best of our ability. We look for many ways to cut back on costs that could directly affect each of our annual HOA dues. With that said the “Master Plan” is derived from feedback each of you gave on your surveys as what you wanted to see here at Southlands. We developed a budget that would assure each of you not too much “pain” when it came to increasing the funds available to accomplish our goal. Even with the proposed increases over the next few years, we would be nowhere near the dues of other communities. In our meetings I’ve had many residents express that we should show everyone what that is. We’ve been able to compile the list via resident Preston Fitcher, a licensed agent, who gathered this information for us on the neighborhoods around Southlands. Please note the below HOA Dues for each Subdivision and also not that our plan is to not even get to the expense level of the others, and you would have all new amenities to enjoy.

Southlands Plan:
2008 = $330
2009 = $360
2010 - 2014= $395
2015 – 2019 = $400
2020 – With a slight excess and reserve that’s building, at this point we would most likely be in a position to pay off any funding we needed for our project, if the neighborhood elects to do so.
2020 – 2024 = $410

Compared to:
Foxfield Farm - 450
Sturbridge - 400
Laurel Brook - 460
Northbrook Manor - 700
Autumn Glen - 350; no swim/tennis
Waters Lake - 480; no swim/tennis
Bradshaw Farms - 450
Newcastle Farms - 650
Crabapple Farm - 350; no swim/tennis
FoxField Farm - 450
Kingsgate - 400
Woodlands - 700
Riverside - 450
Weatherstone - 450